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Investigation Reveals Dark Side of UAE’s Largest Cryptocurrency Venture, Venom Network

June 26 (Cointime) - An investigation by Cryptopolitan has revealed concerning information about the UAE's largest cryptocurrency project, the Venom Network, which is owned by a Russian with a criminal past who is currently under arrest in the UAE. The platform, which raised over $100 million, is facing potential blocking and global regulators are being alerted to its potential downfall.

Due to concerns about transparency and regulatory quality in the UAE's market, investors are advised to withdraw their investments from the Venom Network. Unfortunately, this is not an isolated incident, as criminals are attracted to blockchain technology's anonymity and security features. Despite this, the UAE remains a popular destination for innovative crypto companies due to its crypto-friendly policies and commitment to innovation.

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