UAE Collaborates on Strengthening Crypto Crime Defense
The UAE Ministry of Interior (MOI) took part in the International Cryptocurrency Security Action Week in Singapore. This event aimed to enhance how global authorities tackle crypto-related crimes.
- UAE joins international partners to boost efforts against crypto fraud.
- Digital Dirham CBDC expected to launch late 2025.
- Dubai targets $16b real estate tokenization, Emirates to accept crypto.
The workshop convened under the Secure Communities Forum,backed by mastercard. It featured top-tier experts from law enforcement and security fields,including UN officials and INTERPOL representatives.
Attendees focused on strategies for tracing crypto fraud and stopping money laundering. They also received practical training on tracking dark web transactions.
Key goals of this collaboration include enhancing investigative techniques for crypto crimes, enforcing better cooperation among different agencies and exchanges, and sharing insights into new digital asset risks.
The UAE has become a welcoming place for cryptocurrencies, thanks to clear regulations laid out by VARA and active involvement with global partners in law enforcement.
Crypto adoption is blossoming throughout the UAE. The country anticipates launching the Digital Dirham between October and December 2025. This Central Bank Digital Currency (CBDC) will work in both wholesale and retail settings.
In another effort, dubai is harnessing the power of real estate tokenization via the Prypco Mint platform, set to unlock up to $16 billion worth of property by 2033. This initiative lowers barriers for investment, letting people own property fractions from AED 2,000.
