UAE Strengthens Coordination Against Virtual Asset Crimes

According to Odaily, the United Arab Emirates (UAE) Ministry of Interior and the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) have signed a memorandum of understanding to enhance coordination in combating crimes related to virtual assets. The agreement mandates information sharing and the strengthening of risk mitigation frameworks. It also aims to support the UAE's strategy to protect its financial system from evolving threats in the digital asset sector. The initiative seeks to improve the security and effectiveness of the UAE's financial system through knowledge sharing, joint training programs, and enhanced investigative capabilities.