Blockchain is considered as the fourth industrial revolution and the hot topic. In the UAE, the Securities and Commodities Authority ("SCA"), the governmental body that regulates the UAE's financial and commodities markets issued a circular on 2 April 2018 (the "Circular") in which it warned investors against digital, token-based fundraising activities which includes ICOs. We totally believe that the cryptocurrency is the future currency and refers to a digital coin that runs on a block chain. The block chain behind bitcoin is a public ledger of every transaction that has taken place. It cannot be tampered with or changed retrospectively. Usually we may help our client;

• From small start-ups to high-profile global entities, we draft and negotiate commercial agreements, whether they relate to routes to market or procurement and supply chain. As far as IT and technology are concerned, we are also ahead of the disposed and have market-leading knowledge in problems such as cloud computing, information protection and safety.