Cryptocurrencies, Dubai and Security: How to Protect Yourself from Scams

In recent years, Dubai has established itself as one of the most attractive destinations in the world for technological entrepreneurs, especially those linked to the blockchain and cryptoassets world. Its favorable tax environment, modern financial infrastructure and legal security have turned the country into a true hub for those seeking to invest, operate and grow in the cryptocurrency ecosystem.

But as adoption increases, so do the risks. In this article, we explain how to protect yourself.

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The dark side of crypto growth

Cryptocurrencies offer advantages such as decentralization, anonymity, and financial freedom. However, these same features have been exploited by criminal networks to execute investment fraud, Ponzi schemes, digital identity theft, and more.

On social networks such as Telegram, Instagram or even trading platforms, new scams emerge every week that harm thousands of users. The lack of uniform global regulation and the speed of the digital environment make it easier for these deceptions to multiply.

Most common types of scams:

- Ponzi Schemes: they promise high profits to new investors with money from previous investors.

- Pump and Dump: manipulating the price of a crypto to sell with quick profits.

- Phishing and impersonation: fake emails or profiles that pretend to be from official services.

- Telegram scams: impersonate customer service and steal personal information.

- Fake wallets: fraudulent apps that steal users' private keys.

- Fraudulent ICOs: fake projects that sell worthless tokens.

- Fake apps in official stores: clones of real wallets or exchanges.

- Unsafe exchanges: They can cause data breaches or theft.

- Fraudulent cloud mining: contracts without real technical support.

Prevention, information and specialized private investigation have become more necessary than ever.

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Javier Fadón Martínez: Your ally against crypto scams

In such a complex environment, having specialists is key. That's why, in collaboration with our management, we work with Javier Fadón Martínez, a private detective specializing in the investigation of financial fraud related to cryptocurrencies.

He has participated in industry events such as Detective Day and is part of the team of JFSTAR DETECTIVES, addressing digital financial crimes in jurisdictions such as Spain, Dubai and other countries.

What does Javier Fadón do?

- Analysis and traceability in public blockchains

- Identifying those involved in digital crimes

- Investigation of fraudulent ICO/IEO projects

- Locating diverted funds

- Legal advice in cross-border cases

- Economic evaluation of those involved and tracing of encumberable assets

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Dubai: Fiscal freedom, but with guarantees

Setting up your crypto company in Dubai has multiple benefits:

- 0% taxes on personal earnings, including crypto

- 9% corporate tax (0% under certain billing thresholds)

- There is no requirement to declare wallets or digital assets

- Framework regulated by VARA (Dubai) and ADGM (Abu Dhabi)

- Specific licenses for blockchain, DeFi and NFT companies

In addition, The UAE has created specialized free zones such as the DIFC (regulated by the DFSA) and the ADGM, with their own legal frameworks for Virtual Assets, such as the regimes of Investment Tokens (2021) and Crypto Tokens (2022).

Areas such as Dubai Internet City, Dubai Media City or Jebel Ali Free Zone they also promote technological development by offering fiscal and legal support to startups in the sector.

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Are you a beginner in the crypto world? Start with a head

Today it's easier than ever to start investing in cryptocurrency. But that doesn't mean it's safe without preparation. The key is in train, advise and protect you from the start.

From IBERIAN AGENCY we help you to:

- Incorporate your company in Dubai

- Optimize your taxation in a 100% legal way

- Open corporate bank accounts

- Comply with the local regulatory framework

And with allies like JFSTAR DETECTIVES and strategy experts such as Lotus Innovation Banding, we advise you on the prevention, detection and investigation of crypto scams.

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Security and development go hand in hand

The United Arab Emirates is resolutely committed to becoming a world leader in blockchain and cryptocurrencies. It does so through specialized free zones, innovative regulation and direct support for technological investment.

But without security and knowledge, any opportunity can turn into a risk.

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