Dubai has moved to strengthen its cryptocurrency regulatory framework by imposing a ban on privacy tokens while simultaneously tightening oversight of stablecoin operations. The new measures reflect the emirate's commitment to balancing innovation with compliance, addressing concerns about money laundering and financial transparency. Privacy-focused digital assets, which have long drawn scrutiny from regulators worldwide, are now explicitly prohibited from trading in Dubai's jurisdiction. Meanwhile, stablecoin issuers and platforms operating in the region face enhanced due diligence requirements and stricter capital reserve standards. These developments signal Dubai's positioning as a regulated crypto hub that prioritizes investor protection and regulatory alignment with international standards.

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On-ChainDivervip
· 3h ago
Are privacy coins banned? Dubai's move is quite ruthless.
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RugDocScientistvip
· 4h ago
nah Dubai really said "privacy? not in our house" lol... but lowkey this is just theater right, they'll still find ways around it
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MerkleDreamervip
· 4h ago
Hidden coins are banned, stablecoins are frozen... Dubai, are they trying to drive all crypto players out?
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