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Top asset management team helps you profit without hassle
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Use USDT/USDC to mint GUSD for treasury-level yields
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The Dubai Financial Services Authority announced new regulations today, deciding to ban trading and derivatives activities related to privacy coins. At the same time, the regulatory authority has adjusted its definition of stablecoins—henceforth only recognizing "fiat-backed cryptocurrencies" that are fully supported by fiat currency or high-quality assets. This means that in Dubai's crypto market, the trading space for privacy coins will be significantly reduced, and the entry barriers for stablecoins will also be raised, with only projects fully backed by assets gaining regulatory approval.