The UAE’s Dubai Police cybercrime unit will monitor both cryptocurrencies and digital currencies as well as utilize Blockchain and Artificial Intelligence to prevent crimes.
Brigadier Dr Saleh Al Hamrani, Deputy Director-General of Excellence and Entrepreneurship at Dubai Police stated, “Technology is changing the world and police is part of this change. We are continuously looking at the latest technologies in order to beat crime. Cryptocurrency, sometimes, is used for money laundering and crime, so Dubai Police are monitoring in cooperation with the Ministry of Interior. There are special units to deal with e-crime and money laundering and these two departments work together against any illegal use of cryptocurrency,”
This comes after the Dubai announced the launch of its virtual assets regulations and its regulator.
The announcement was made on the sidelines of the four day World Police Summit which concluded at Dubai Exhibition Centre at Expo 2020 Dubai last week.
Al Hamrani revealed that the Dubai Police will implement the best technologies such as artificial intelligence and blockchain to prevent crimes, accidents and also to predict how future events will unfold.
“We are going to work on the next generation of AI technology to help predict how and what are the risks we are going to face so that we are ready both internally and externally. Utilising artificial intelligence, blockchain and the ability to predict will help build a solid ground to make police prepare and also improve response and recovery time. We are working and implementing AI not only for crime but also for traffic, security at the airport and marine security as well.”
This is not the first time the Dubai Police have tackled the issues pertaining to cryptocurrency. In October 2021, they partnered with BitOasis to tackle crypto fraud. Similarly, they have utilized Blockchain to issue lost passports before and after Expo 2020.