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UAE authority issues warning about Dubai Coin By Cointelegraph

UAE authority issues warning about Dubai Coin

As a tech-friendly area, Dubai is rarely in need of new and promising tasks, together with crypto and blockchain, however the inflow of recent cryptocurrencies makes it tougher for newcomers to tell apart shady campaigns from dependable ones.

The Dubai Media Office introduced that the authorities have by no means permitted a digital foreign money named Dubai Coin, which noticed a 1,000% bounce when the challenge launched as “the official digital currency of Dubai” earlier this week.