UAE investors find downsides to crypto investments

Dubai: Investing in crypto assets still comes with outsized risks – and it’s not just about the inherent volatility in their values. UAE based investors are finding this out at a steep cost to themselves.“They issued me a certificate and allotted me coins – they even issued me some bonus coins because the final listing of the currency was getting delayed,” said the investor.“They informed me that the market was going down and that they would list mCoin on an exchange later.”Setting off alarm bellsNow, if a cryptocurrency is not on an exchange, investors can’t buy or sell coins on the market. T…


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