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UAE announces 5 year prison sentences to anyone promoting cryptocurrency scams. To all you Dubai based scammers promoting your own shitcoin tokens to your followers you better watch your back, when it comes to fraud Arabs don't mess about.

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https://www.thenationalnews.com/uae/courts/2021/12/24/cyber-criminals-face-five-years-in-jail-and-dh1-million-fine-over-cryptocurrency-scams/

This is a country that throws millionaires into Al Ain prison in horrendous conditions indefinitely without a trial over nothing but a bounced cheque from business debts owed. If you play scammy games in the UAE you pay the price worse than you ever would in any western country.

The UAE welcomes crypto innovators into their country with zero tax rates and complete economic freedom. But if you take advantage of their hospitality and screw even one person out of their money you get thrown in a stinking hot desert prison cell with no AC no sanitation and no mattress.

submitted by /u/slvbtc
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