The Dubai authorities in the UAE issue a warning against the "DubaiCoin" scam

According to Cointelegraph, the Dubai Media Office of the United Arab Emirates issued a statement today stating that the authorities have never approved a digital currency called "Dubai Coin". Earlier this week, the project served as the so-called "Dubai Coin". When the digital currency was launched, the price rose by 1000%. The statement said: “It is not the official cryptocurrency of the city. The website promoting Dubai Coin is a carefully planned phishing campaign aimed at stealing visitors’ personal information.”