Dubaicoin launch likely to be scam say authorities
Dubaicoin launch likely to be scam say authorities

Dubaicoin launch is scam say authorities

There was some big news yesterday as Dubaicoin apparently launched, but it looks like the cryptocurrency launch was actually an elaborate scam.

The coin was apparently launched by Arabian Chain Technology and does feature on their website.

But it seems the official launch yesterday was not approved by the company or indeed by the UAE authorities.

The Dubai Media Office said the “website promoting the coin is an elaborate phishing campaign that is designed to steal personal information from its visitors.”

This was backed up by the company said to be behind the Dubaicoin launch.

So please, avoid investing in Dubaicoin! While there is big money to be made investing online with cryptocurrency, it won’t be with Dubaicoin.

DMCC launches Crypto Centre for NFTs, Blockchain and more

The DMCC in Dubai has jumped on the NFT and Blockchain bandwagon by launching a specialist Crypto Centre.

The DMCC is the Dubai Multi Commodities Centre and its new space is dedicated solely to online business. Including cryptocurrencies, blockchain technology, and NFTs, nonfungible tokens which effectively let you purchase something online.

In other words: it’s an entire division dedicated to the future!

The centre will deal with all manner of crypto businesses. From blockchain platforms to those that offer, issue, list, and trade crypto assets.