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UAE to impose jail time, high fines on those promoting rogue cryptos and scams
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ambcrypto.comCrypto scams, rug pulls and other such cybercriminal activities have continued to act as a major bane for the cryptocurrency industry that is still striving for mainstream acceptance. In just the previous year, such scams cost investors over $7.7 billion after noting a record spike of 81%.
Although many governments routinely circulate warnings regarding the same, the UAE government has decided to take this one step forward by imposing harsh punishment on such perpetrators. According to local
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