UAE Strengthens Global Efforts Against Crypto Crime
The UAE Ministry of Interior took part in Singapore’s International Cryptocurrency Security action Week. This gathering aimed to tackle crypto-related crimes. It was organized by the Secure Communities Forum along with Mastercard.
Law enforcement officials from various countries attended. UNODC, INTERPOL, IRS, Malaysian police, and tech giants were present. They explored ways to trace crypto fraud and prevent money laundering.
- training included dark web investigations.
- Linking agencies with crypto exchanges and analytics firms.
- Understanding digital assets and new risks.
By joining hands globally, the UAE is showing commitment to crypto regulation and innovation. This follows VARA’s regulatory guidelines and active participation in international meetings.
Digital Dirham Launch and Tokenization Plans
The UAE will release its Digital Dirham currency late next year. But it’s not just for banks; regular folks can use it too. This growth comes after months of detailed planning.
Dubai is also at the forefront of real estate tokenization.With platforms like Prypco Mint, people can own parts of properties starting from AED 2,000. By 2033, $16 billion of Dubai’s real estate might get tokenized.
Further/crypto adoption will see Emirates accept crypto payments from 2026. Travelers will use Bitcoin, ethereum, and stablecoins. This move shows the UAE’s dedication to embracing digital finance while ensuring safety and transparency.
