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Think before you click: Steer clear of bogus cryptos, experts warn UAE residents
(Reuters file)
Dubai officials on Thursday shot down speculation on a virtual asset, so-called ‘Dubai Coin’.
How do you protect yourself from cyberscams? Stay vigilant and, as the modern adage says, think before you click. Always.
Dubai officials on Thursday shot down speculation on a virtual asset, so-called ‘Dubai Coin’, claiming to be the emirate’s official cryptocurrency, after a purported Press release on its launch made the rounds on Wednesday, triggering a frenzy among market players and crypto enthusiasts.
The mere fact that ‘Dubai’ was attached to the name of this ‘asset’ was enough to generate significant investment interest. However, as with all cybercrime activity, the allure of a popular term is always used as a bait to reel in potential victims.