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Announcement from the Capital Market Authority (CMA) regarding the Investment in Digital Currencies and Initial Offerings of Digital Assets

 Published on: 27-Jul-2018

The Capital Market Authority (CMA) invited the investors to be very cautious about investing and dealing with digital assets, such as investing in digital currencies and cryptocurrency or participating in initial coin offerings (ICO) and its associated dealings. The initial coin offering is a process of collecting money from investors using cryptocurrency/digital assets through a certain digital mechanism, whereby the issuer of such offerings issues digital tokens consisting of participating shares or interest shares in the company or Project. in this regard, and due to the rise of different marketing campaigns for investing in cryptocurrencies and digital asset, the CMA would like to warn investors to be aware and recognize the risks associated with investing in these products.


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