The Rise of Alleged Crypto Scams in Dubai: A Financial Mirage?
7 months ago
Dubai, renowned as a global hub of luxury and innovation, is currently grappling with a surge in alleged cryptocurrency scams that are reportedly raking in billions of dollars. The city, which has positioned itself as a pioneer in cryptocurrency and blockchain technology, finds itself at a crossroads as various schemes exploit its favorable regulatory environment.
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Dubai Imposes Stricter Regulations on Crypto Marketing Amid Growing Concerns
10 months ago
With the exponential growth in the cryptocurrency market, Dubai has implemented a number of new regulations in its efforts to rein in scam marketing. The Dubai Financial Services Authority announced a raft of far-reaching rules effective from September 26, 2024, which are aimed at bolstering investor protection and enhancing market transparency.
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