UAE Financial Watchdog Warns Investors Over ICO Risks

UAE Financial Watchdog Warns Investors Over ICO Risks

A financial regulator in the United Arab Emirates has issued a warning to residents on the risk of initial coin offerings (ICO). Issued on Feb. 4 by the Securities and Commodities Authority (SCA), the circular alerts residents in the country to be aware of the risk of investing in token-based fundraising activities such as ICOs and token pre-sales. The risks, as stated out by the SCA, could stem from both the project being presented in an unaudited or misleading manner, as well as highly volatile price fluctuations after a token starts trading on a secondary market. The SCA further […]

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