Dubai Police has partnered with blockchain analytics firm Crystal Intelligence and virtual asset broker-dealer Bitoasis to enhance security and combat economic crimes in the digital asset space.
Making Dubai the ‘Safest City in the World’
Blockchain analytics firm Crystal Intelligence recently announced a partnership with the Dubai Police to identify and predict future economic crimes involving digital assets. The partnership also aims to ensure both organizations remain at the forefront of combating economic crime and bolstering global security.
Commenting on the partnership, Brigadier Al Shamsi said Dubai Police is eager to collaborate with both internal and external organizations. He noted that the police’s General Department of Criminal Investigation develops strategic plans to anticipate increasingly sophisticated security challenges. Al Shamsi added:
As countries and individuals increasingly rely on technology in both professional and personal spheres, we must adapt to these trends to ensure that Dubai remains the safest city in the world.
Navin Gupta, CEO of Crystal Intelligence, hailed the signing of the memorandum of understanding (MOU) with Dubai Police. He said the agreement underscores the analytics firm’s commitment to working closely with the law enforcement body “to share knowledge and expertise across various fields.”
Gupta also claimed the partnership will help the United Arab Emirates (UAE) maintain its status as a trusted jurisdiction.
“Digital assets present tremendous opportunities but also unique risks. By developing proactive solutions with Dubai Police, we can help ensure that the UAE remains a trusted jurisdiction for blockchain and digital assets,” the CEO said.
Meanwhile, Bitoasis, a virtual asset broker-dealer trading platform, announced Nov. 28 that it had signed a memorandum of understanding (MOU) with Dubai Police to exchange expertise and proactively enhance the safety of consumers and the virtual assets ecosystem.
Ola Doudin, Bitoasis CEO, described the collaboration as “a pivotal step” toward enhancing security and trust within the virtual assets ecosystem.
Read the full article here
