🔔 China and UAE are stepping up their fight against crypto-related cybercrime, according to a joint statement released on May 30. The move comes amid a surge in crypto fraud in Hong Kong. The nations are targeting issues like network fraud and online gambling, as well as broader crimes like money laundering and human trafficking. The statement also recognized the role of Central Bank Digital Currencies (CBDCs) in enhancing cross-border trade. The UAE recently completed its first direct cross-border CBDC transaction, the "Digital Dirham," valued at 50 million dirhams. 💱 What are your thoughts on this joint effort? Share in the comments! 👇