A cryptocurrency exchange from the United Arab Emirates has partnered with the Dubai Police Force to raise awareness about scams related to crypto investments and trades. BitOasis CEO Ola Doudin said that the partnership with Dubai Police is aimed at building regulations that will make crypto safe for investors in the region.
“The BitOasis team has been working very closely with policymakers and regulators to build trust and transparency into the crypto ecosystem. Partnering with Dubai Police is also a move in the same direction,” said Doudin.
UAE regulators approved crypto trading within Dubai’s DWTCA free zone on Sept. 23 in an effort to protect investors. BitOasis announced on the same day that its services will be integrated with GoAML, a surveillance platform developed and operated by the UAE Financial Intelligence Unit for reporting suspicious transactions.
Among the partners of this partnership will be the National Committee for Combating Money Laundering and the Financing of Terrorism and Illegal Organizations, a state-run organization focused on anti-money laundering and counter-terrorism financing.