A new document issued by the Securities and Commodities Authority (SCA) ) Sunday, February 4 warns investors of risks In the document, the SCA stresses that investors involved in the ICO's fundraising campaigns must bear all the associated risks, as the fundraising activities are not regulated by the UAE and do not benefit from any legal protection. The main risks, as underscored by the SCA, are the high volatility of the ICO tokens on the secondary markets, the misleading or un-audited details in the OIC offers, as well as the general misunderstanding of the potential risks .

In addition, the SCA mentioned the risks associated with investing in foreign country offices, noting that it might be difficult to verify the regulatory compliance of these fundraisers and

This is the second time that the country's government has warned its citizens against the risks of country offices since October 2017, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi has published its guidelines on ICOs and cryptocurrencies.