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There was some big news yesterday with the apparently launched Dubaicoin, but the cryptocurrency launch was actually an elaborate scam.
The coin was apparently launched by Arabic Series Technology It appears on their website.
But it appears that the official launch yesterday was not approved by the company or in fact by the Emirati authorities.
The Dubai Media Office “A cryptocurrency website is a phishing campaign designed to steal personal information from its visitors,” he said.
This was supported by the company that was said to be behind Dubaicoin release.
So please, avoid investing in Dubai! While there is big money to be made investing online with cryptocurrency, you won’t be with Dubaicoin.
DMCC launches crypto center for NFTs, Blockchain and more
DMCC Dubai has jumped on the NFT and Blockchain bandwagon by launching a dedicated Crypto Center.
The Dubai Multi Commodities Center (DMCC) is the Dubai Multi Commodities Center (DMCC) and its new space is reserved solely for internet businesses. Including cryptocurrencies, blockchain technology, and NFTs, non-perishable tokens that effectively allow you to buy something online.
In other words: it’s an entire section dedicated to future!
The center will deal with all kinds Crypto companies. From blockchain platforms to those offering, issuing, listing and trading crypto assets.
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