Dubai Coin cryptocurrency was never approved by any official authority
Waheed Abbas/Sandhya D Mello/Dubai Filed on May 27, 2021 | Last updated on May 28, 2021 at 12.10 am
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Officials told Khaleej Times an investigation is underway.
The Dubai Electronic Security Centre announced on late Thursday night that the ‘Dubai Coin’ digital currency has not been approved by any official entity and that the website promoting the coin is an unlicensed site, which aims to phish e-mail information, passwords and phone numbers of people through an electronic form.
Dubai Media Office tweeted from its handle @DXBMediaOffice that Dubai Coin cryptocurrency was never approved by any official authority. The website promoting the coin is an elaborate phishing campaign that is designed to steal personal information from its visitors.
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