Fraudsters promoting online cryptocurrency scams in the United Arab Emirates (ОАЭ) now face a possible five-year jail sentence plus a fine of up to $272,000, according to a report. The new measures, which are set to take effect on January 2, 2022, are part of the government’s effort to protect people from online scams.
Содержание
New Measures Seek to Protect Internet Users
As part of UAE’s new online security laws which go into effect on January 2, 2022, promoters of online cryptocurrency scams now face a possible five-year jail term and a maximum fine of over $270,000.
According to a отчет from The National News, the new measures are a part of sweeping legal reforms introduced by the country’s president, Sheikh Khalifa, in November. The UAE says the laws are intended to protect internet users from electronic fraud and to preserve personal privacy and rights.
While UAE already had laws banning the promotion of cryptocurrencies, according to Hassan Elhais of Al Rowaad Advocates, these laws lacked provisions enabling authorities to penalize any such offenders. The report quotes Elhais explaining how the new measures differ from the previous law. He stated:
As per article 48, posting misleading ads or inaccurate data online about a certain product will be punishable with jail and/or a fine between $5,445 (Dh20,000) В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. $136,100 (Dh500,000). The same penalty applies to members of the public who promote cryptocurrencies unrecognised by authorities in the country.
Concerning the UAE’s laws that seek to enhance online safety and protection of people from financial crimes, Elhais said article 41 of the new law supplements the previous article, which had similar objectives.
“It imposes a penalty of five years in prison and/or a fine between $68,000 В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. $272,000 against those who promote electronic currencies or fake companies to raise money from the public without a licence from competent authorities,” Elhais is quoted explaining.
Fake Cryptocurrency Schemes a Growing Problem
журналист Лаура Шин опубликовала статью, в которой утверждается, что, the report suggested that UAE authorities’ growing interest in protecting the public from online scams follows a rise in the number of fraudulent cryptocurrency schemes. Например, in late May 2021, the government was forced to release a утверждение disassociating itself from “Dubai Coin.”
В это время, the statement claimed the website promoting the scam coin was in fact an elaborate phishing campaign designed to steal personal information. Сходным образом, страна’s law enforcement has also warned residents to be wary of fake cryptocurrency schemes that promise instant wealth.
Что вы думаете об этой истории? Расскажите нам, что вы думаете в разделе комментариев ниже.