• 21 November, 2024
News

Dubai Fines Asian Criminals For Stealing A Bitcoin Trader’s Money

Dubai Fines Asian Criminals For Stealing A Bitcoin Trader’s Money

According to a recent article published by Khaleej Times, four Asian men have been given a collective punishment of Dh1.7 million which is the equivalent of $462,000 for beating a bitcoin dealer and stealing the same amount from his apartment.

The report said that in March of last year, a guy complained that he had been assaulted in his residence and that 462,000 dollars had been taken from a safe that belonged to his business partner.

According to the man’s statement, a number of other individuals showed up at his house and informed him that his “address was inaccurate.” The guys showed him aside and entered the home as he made an effort to shut the door behind him. After the victim had been knocked to the ground, the other men placed a knife to his throat.

Investigations conducted by the police found that the perpetrators of the crime had entered the nation unlawfully and then fled after committing the act of criminality. After that, the authorities carried out a concerted operation, and after zeroing in on their position, they were able to capture the individuals responsible for the crime. The guys admitted their guilt as they were being questioned about the crimes.

In related developments, just a week ago, Dubai’s Virtual Asset Regulatory Authority (VARA), the city’s specialized crypto regulator, released some guidelines for cryptocurrency advertisements. According to a report from a regional news source called Gulf News, the VARA guidelines made reference to many types of outreach, including communications and advertising, the transmission of information, the development of awareness, customer interaction, and investment solicitation, among other things.

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