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Warning against offers for trading in “cryptocurrencies”

Warning against offers for trading in “cryptocurrencies”

Abu Dhabi Police warned the public against offers that reach many members of society during the recent period, which offer trading services in "cryptocurrencies", calling on the public to be careful and not to be drawn into temptations and promises of quick and imaginary financial gains.

Warning against offers for trading in “cryptocurrencies” Abu Dhabi Police warned the public against offers that reach many members of society during the recent period, which offer trading services in "cryptocurrencies", calling on the public to be careful and not to be drawn into temptations and promises of quick and imaginary financial gains.


The Director of the Criminal Security Sector, Major General Muhammad Suhail Al-Rashidi, urged the public not to share their personal information or submit to anonymous calls, messages and advertisements, which often claim to be companies or platforms licensed to trade encrypted digital currencies, within the framework of the campaign “Be careful.”


He pointed out that some fraudsters resort to tempting dealers to obtain large sums of money through trading encrypted digital currencies and by receiving money transfers from suspicious sources, stressing the need not to buy and trade this electronic currency, which is virtual units that are not covered with tangible assets, and do not need in issued to any conditions or controls.


He explained the methods of deception used by fraudsters to inflict victims, such as bright promises of getting rich quickly and achieving huge financial gains when trading encrypted digital currencies, noting that the lack of awareness among some of the risks inherent in trading digital currencies, which may help suspicious people in the implementation of fraud, money laundering and piracy operations, stressing that transactions Electronic finance is not monitored which makes it fraught with a great deal of risk.


Al-Rashidi pointed out that the dangerous fluctuation in the prices of digital currencies makes it impossible to provide guarantees of protection for investors, and therefore the competent authorities in the country, including the police, warn dealers and investors of the risks that they may face.


The Director of the Directorate of Criminal Investigations Colonel Rashid Khalaf Al Dhaheri stressed the interest of Abu Dhabi Police to warn all segments of society of the dangers of falling into the hands of fraudsters, stressing the keenness to tighten the screws on fraudsters, arrest them and confront their renewed criminal methods with advanced security precautionary measures, stressing the concerted efforts of all departments concerned in Abu Dhabi Police To address these crimes, regardless of their different forms, types and methods of committing them.


He appealed to the public to enhance ways of cooperation with the Abu Dhabi Police, to report any fraudulent attempts by passing security information through the Aman phone service 8002626 or sending text messages to the number 2828, which deals with their communications in strict confidentiality, which contributes to achieving community security and providing a safe and stable environment. And prevention of the dangers of crimes of all kinds.

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