Close Menu
Cryprovideos
    What's Hot

    DDC Enterprise accelerates Bitcoin treasury plans with third buy in every week

    October 9, 2025

    TRX Consolidates Close to Key Technical Ranges as RSI Holds Impartial Territory

    October 9, 2025

    Solana Market Evaluation: $2.8B Income Milestone Fuels Bullish Case Regardless of Latest Pullback | Bitcoinist.com

    October 9, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»BitcoinExchangeGuide
    BitcoinExchangeGuide
    Markets

    BitcoinExchangeGuide

    By AnTyNovember 9, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The United Arab Emirates (UAE) is introducing new guidelines to advertise cryptocurrency improvement whereas curbing digital foreign money scams focusing on buyers within the nation.

    Beneath the brand new guidelines, crypto scammers will face jail time for as much as 5 years and a penalty of as much as AED 1 million (simply over $272k), beginning January 2, 2022.

    Beforehand, the UAE legal guidelines banned selling crypto however didn’t penalize it, however now, in a primary for the nation, the amendments have been launched to punish those that promote or encourage a dealing in crypto that’s not formally acknowledged within the UAE or publish deceptive advertisements or inaccurate information about any product.

    The brand new regulation may even punish these elevating cash from the general public with out a license from competent authorities.

    It was solely final month that the brand new laws was launched by the UAE President as a part of a number of authorized reforms.

    Very similar to the remainder of the world, there was an increase in crypto scams within the UAE, with the latest and publicized one being the DubaiCoin rip-off which claimed to be launched as Dubai’s official cryptocurrency.

    It was later found that the venture was phishing information and cash from buyers. The Dubai Authorities then launched an official assertion in Might dismissing claims of the coin being the official crypto of Dubai, however many had fallen prey to the fraud already.

    Dispute decision lawyer at ADG Authorized Kostubh Devnani mentioned,

    “The constructive information is that aside from the brand new legal guidelines, and UAE stepping up efforts to fight monetary crime, courts in different (notably widespread regulation) jurisdictions have been keen to grant treatments usually relevant to bodily or tangible property to victims of crypto scams, corresponding to freezing orders and orders for manufacturing of data.”

    The UAE doesn’t acknowledge crypto as a authorized tender, however there aren’t any direct bans on cryptocurrencies both.

    In truth, these participating in crypto-related actions corresponding to providing, issuing, selling, itemizing, and buying and selling of cryptocurrencies are required below the brand new regulation to be licensed by the Securities and Commodities Authority (SCA).

    The brand new On-line Safety Legislation that replaces the earlier regulation ‘Regarding Anti-Cybercrimes’ is among the first complete authorized frameworks within the area to deal with the dangers related to the unlawful use of cryptocurrencies and improve client safety.

    The publish UAE Introduces New Legislation to Fight Crypto Crime, Permits Licensed Cryptocurrency Providing & Promotion first appeared on BitcoinExchangeGuide.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    TRX Consolidates Close to Key Technical Ranges as RSI Holds Impartial Territory

    October 9, 2025

    S&P 500 Hits New All Time Excessive as Shares Pump Larger: Right here’s What to Anticipate Subsequent – BlockNews

    October 9, 2025

    Dogecoin (DOGE) Weakens Once more – Bulls On Alert As Draw back Dangers Resurface

    October 9, 2025

    BCH Consolidates Above Key Shifting Common Help as Technical Indicators Sign Impartial Momentum

    October 9, 2025
    Latest Posts

    DDC Enterprise accelerates Bitcoin treasury plans with third buy in every week

    October 9, 2025

    Why Bitcoin's Rally Has Room to Run This Month – Decrypt

    October 9, 2025

    Sq. Allows Bitcoin Funds for U.S. Retailers

    October 9, 2025

    Senator Lummis Proposes Tax Aid for Small Bitcoin Funds – Bitbo

    October 9, 2025

    XRP Drops Out of Prime 3, Dogecoin Creator Breaks Silence on Bitcoin (BTC) Worth, Shiba Inu (SHIB) Sees 70% Spike in 48 Hours — Crypto Information Digest – U.At present

    October 9, 2025

    Will BoE's 'exemptions' supercharge stablecoin rails into BTC and ETH?

    October 9, 2025

    Bitcoin Is The Normal Now: Outperform It, Or Get Left Behind – CEO

    October 9, 2025

    Right here’s the actual motive the 4-year Bitcoin cycle is lifeless: Arthur Hayes

    October 9, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Telegram Pulls Plug on Haowang Assure Crypto Crime Syndicate – Decrypt

    May 15, 2025

    Trump Financial Adviser’s Coinbase Stake Raises Recent Ethics Questions

    June 5, 2025

    Former Cred Execs Sentenced to Federal Jail For $150M Crypto Fraud – Decrypt

    September 1, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.