News

UAE To Punish Crypto Scammers With Fines & Jail Time

The penalties reflect Article 48 of the Federal Decree-Law No. 34 of 2021 on Combatting Rumors and Cybercrimes.

Published

4 years ago

June 15, 2022

uae to punish crypto scammers with fines and jail time

Cryptocurrency scams (and crypto scammers) are a global problem, and the cost of this problem reached a staggering $14 billion in 2021 alone.

To discourage crypto scammers from targeting unsuspecting investors, the UAE Public Prosecution has recently announced its decision to punish them with fines of up to $136,124 USD (AED 500,000) and jail terms for the following offenses:

Promoting goods or services through misleading advertisement or using false data.
Advertising, promoting, brokering, or dealing in any form, or encouraging the dealing in a virtual or digital currency, a stored value unit, or any unit of payment that is not officially recognized in the UAE or without obtaining a license from the competent authority.

The penalties reflect Article 48 of the Federal Decree-Law No. 34 of 2021 on Combatting Rumors and Cybercrimes, and they’re explained in a video the UAE Public Prosecution shared on social media.

The UAE Public Prosecution is on a mission to increase awareness about the latest laws in the country, and it has issued several similar warnings in the past.

Also Read: 3 Best Cold Storage Wallets For Crypto In 2023

In 2020, for example, the UAE Public Prosecution warned that the use of the Internet Protocol for committing a crime or evading its discovery was a punishable offense in accordance with Article 9 of the Federal Law No. 5 for 2012 on combating cybercrimes and its amendments.

The UAE aspires to become a global crypto hub, and it needs a strong legislature to attract innovators and investors alike.

In February 2022, Sheikh Mohammed bin Rashid Al Maktoum approved the so-called Virtual Asset Law, establishing the Dubai Virtual Assets Regulatory Authority (VARA), whose purpose is to oversee the regulation and authorization of virtual asset activities in Dubai.

It will be interesting to see how much these new punishments will drop the amount of scams we see on a daily basis.

Related Topics:Cryptocurrency United Arab Emirates

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New Disney+ Streaming App Has Officially Launched In The UAE

The app’s recommendations now factor in what’s popular in the UAE, and a dedicated Junior Mode gives kids their own corner of Disney+.

Published

1 day ago

October 9, 2026

Dana Saadeh

Disney

A new Disney+ app has officially launched in the UAE, and subscribers can now keep watching their favorite titles when they travel. Disney+ says access extends across supported markets in Europe, the United States and beyond.

The app is built around a dynamic homepage and simpler navigation, with recommendations drawn from each customer’s viewing habits and what’s popular in the UAE. Content from Hulu and ESPN is now easier to find alongside Disney+’s own library, the company says. Audio and subtitles come in up to 25 languages, and supported devices get high-quality video and sound.

For families, the app includes Junior Mode, a dedicated, simplified version of Disney+ for younger viewers, built around age-appropriate shows and movies. It sits alongside existing controls such as PIN-protected profiles, customizable content ratings and account notifications when a profile is changed.

The catalog still spans Disney, Pixar, Marvel, Star Wars, National Geographic, Hulu and FX. Returning series include Season 8 of “The Kardashians,” Season 23 of “Grey’s Anatomy” and Season 38 of “The Simpsons”. Also on the service are the second season of International Emmy and BAFTA Award-winning series “Rivals,” comedy “Only Murders in the Building,” Walt Disney Animation Studios’ “Zootropolis 2” and 20th Century Studios’ “Send Help”.

Also Read: Best Video Streaming Services In The Middle East

Marvel Television’s “VisionQuest” is on the way, and Disney’s live-action “Moana” is due later this autumn. Beyond Hollywood, the Turkish title “Halef” is coming to the platform alongside a lineup of Korean entertainment: Korean-Japanese romantic comedy “Merry Berry Love” is streaming now, and “The Remarried Empress” arrives November 4.

Existing subscribers will be prompted to download the new app and sign in with their current credentials, with on-screen steps covering account confirmation and profile setup. Subscriptions start at AED 49.99 per month and can be canceled at any time.

For UAE subscribers planning to travel, the update will likely be well received, but Disney has left one question open. It confirms Europe and the United States as supported markets but doesn’t yet say which others fall under and beyond.