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Dubai Government Warns Against DubaiCoin Cryptocurrency Scam

The price of DubaiCoin rose from $0.09 to $1.13 within just 24 hours after a press release claimed it would be Dubai’s official cryptocurrency.

Published

5 years ago

May 31, 2021

Joanna Melki

dubai government warns against dubaicoin cryptocurrency scam

Cryptocurrency investors have been facing some serious challenges lately. Prices of all major cryptocurrencies have been falling steadily ever since Elon Musk drew attention to Bitcoin’s energy consumption in a series of tweets, ultimately announcing Tesla’s decision to stop accepting Bitcoin as a payment method.

Watching their cryptocurrency portfolios deflate at an alarming rate, many investors have been turning their attention to various alternative cryptocurrencies and tokens of questionable value and origin, hoping that at least some of them will skyrocket in value.

This perhaps explains why a cryptocurrency called DubaiCoin increased by more than 1,000% after just 24 hours since its creators published a press released on a website called DubPay (website no longer available) and managed to get it listed on PR Newswire. Another reason for DubaiCoin’s short-lived success was certainly the fact that the press released claimed that it would become Dubai’s official digital currency.

“DubaiCoin will soon be able to be used to pay for a range of goods and services both in-store and online, with the clear intention for the coin to be used in place of traditional bank-backed currencies,” the press release said. “Circulation of the new digital currency will be controlled by both the city itself and authorized brokers.”

Also Read: The Top 3 Altcoins To Keep An Eye On In 2021

The price of DubaiCoin rose from $0.09 to $1.13, and it would likely continue to climb even higher if it wasn’t for Dubai’s government decision to issue a tweet in which they called DubaiCoin an elaborate phishing scam designed to steal personal information from its visitors.

The company responsible for the creation of DubaiCoin, ArabianChain Technology, has also used Twitter to publicly deny all claims made in the press release. Victims of the scam have rushed to social media calling for actions to be taken against online publications that were quick to promote DubaiCoin as Dubai’s “official cryptocurrency” without validating the source of the news.

Related Topics:Cryptocurrency Dubai DubaiCoin United Arab Emirates

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YouTube Rolls Out Supervised Children’s Accounts Across MENA

An industry-first feed timer lets parents cap Shorts scrolling. Access can also be switched off entirely ahead of exam season.

Published

11 hours ago

July 10, 2026

Dana Saadeh

YouTube

YouTube has launched supervised kid accounts across the Middle East and North Africa, giving parents a way to hand their children the main YouTube app without handing over all of it. Announced in Dubai on July 2, the accounts are built directly into the platform rather than the standalone YouTube Kids app, and are aimed at families who feel a child has outgrown the curated library but isn’t ready for the open feed.

Parents can choose from three content settings, each broadly aligned with international content ratings. Explore covers educational videos, tutorials, arts and crafts, and dance. Explore More adds gaming and live streams. Most of YouTube opens up almost everything except videos rated 18+ or deemed inappropriate for supervised accounts.

The standout tool is an industry-first Shorts feed timer, which lets parents set daily limits on short-form scrolling. Set it to zero and Shorts disappears altogether – a lever YouTube suggests parents might pull ahead of exam season. Other protections are on by default for all users under 18: “Take a Break” and “Bedtime” reminders, no personalized ad targeting, autoplay switched off, and no ability to upload videos or write comments. The accounts are optional, and parents can end supervision at any time.

The kid accounts join supervised teen accounts already available across the region, which notify parents by email when a teenager uploads a video or starts a live stream.

“YouTube has been a huge part of families’ lives across this region for over 20 years,” said Javid Aslanov, head of YouTube Middle East and North Africa, citing Kantar research showing 95% of viewers in Saudi Arabia and the UAE agree YouTube has top content in education and learning.

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“It’s essential that we protect young people in – not from – the digital world,” added Garth Graham, YouTube’s head of health.

The new settings are rolling out gradually across the MENA, including the Kingdom of Saudi Arabia, Oman, Kuwait, Qatar, Bahrain, Jordan, Lebanon, Egypt, Tunisia, Algeria, and Iraq. The latest features can be set up through Family Center in the YouTube app or via Google Family Link.