The Dubai Police has forged strategic partnerships with blockchain analytics firm Crystal Intelligence and virtual asset broker-dealer Bitoasis to enhance security measures and combat economic crimes within the digital asset ecosystem. The move aligns with Dubai’s vision of becoming the “safest city in the world” by addressing emerging challenges in the rapidly evolving virtual assets landscape.
Strengthening Economic Crime Prevention in the UAE
Crystal Intelligence recently announced its collaboration with the Dubai Police to identify, predict, and prevent economic crimes involving blockchain and digital assets. The partnership underscores the importance of staying ahead in combating economic crimes while bolstering global security.
Brigadier Al Shamsi, representing the Dubai Police, highlighted the significance of these collaborations, stating:
“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.”
Crystal Intelligence’s Role in Enhancing Security
Navin Gupta, CEO of Crystal Intelligence, emphasized the firm’s commitment to supporting the Dubai Police by sharing expertise and knowledge in tackling blockchain-related crimes. Gupta noted:
“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.”
Gupta also lauded the signing of the memorandum of understanding (MOU) with Dubai Police as a milestone in fostering collaboration between law enforcement and blockchain analytics firms.
Bitoasis and Dubai Police Partnership
Similarly, Bitoasis, a leading virtual asset broker-dealer, announced its partnership with the Dubai Police on November 28. The agreement aims to promote consumer safety and strengthen the trustworthiness of the virtual assets ecosystem.
Ola Doudin, CEO of Bitoasis, described the partnership as “a pivotal step” in enhancing security and trust in the digital assets sector. By exchanging expertise and proactively addressing risks, the collaboration seeks to establish Dubai as a global leader in the secure adoption of virtual assets.
Driving Global Security and Innovation
The Dubai Police’s proactive approach to technological innovation and partnerships with Crystal Intelligence and Bitoasis reaffirms its commitment to maintaining the UAE’s reputation as a trusted jurisdiction for blockchain and digital assets. These collaborations represent a critical step in ensuring the safety and integrity of the digital asset ecosystem while supporting Dubai’s ambition to become the world’s safest city.
