2026-01-12 14:20:55

Dubai's regulatory authorities have moved to restrict privacy-focused cryptocurrencies including $ZEC and $XMR, alongside implementing stricter oversight on stablecoin operations. The policy shift reflects a broader enforcement stance, with officials citing alignment with international compliance standards. Regulators argue that privacy-oriented digital assets present challenges to global anti-money laundering and know-your-customer requirements, positioning this as part of a comprehensive crypto regulatory reset in the emirate.

ZEC-2,82%

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LiquidityWitch

· 01-12 14:51

Here we go again, privacy coins are being cut. Dubai is really going all in on compliance.

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HashRateHustler

· 01-12 14:48

Dubai is at it again; privacy coins have really become rat poison. It's not easy for ZEC and XMR to still be alive. Here we go again, the excuse of KYC... I'm tired of hearing it. There's no escape; globally, privacy coins are being tightened. This is the price of Web3, where freedom and compliance are forever at odds.

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ProxyCollector

· 01-12 14:45

Dubai is back again, are privacy coins really going to fade away? --- ZEC and XMR are hard to mix anywhere... --- Is this what they call "international compliance"? Feels like an excuse. --- Stablecoins are also going to be regulated, making wallets' lives increasingly difficult. --- Privacy coins are forever the pain, who can we blame? --- KYC is everywhere, what freedom is left in Web3? --- Dubai has started clearing out, will other places be far behind... --- This trend is unstoppable, the coins I support are about to be restricted again. --- Anti-money laundering, anti-money laundering, hearing it so much my ears are numb. --- The emirate is coming hard, the era of privacy is really coming to an end.

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LightningHarvester

· 01-12 14:39

This move in Dubai is really impressive. Privacy coins are directly banned, and under the guise of compliance, no one can escape.

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PensionDestroyer

· 01-12 14:26

Dubai is really going to push privacy coins now, ZEC and XMR might be in trouble --- Here we go again, a bunch of "international compliance" excuses... actually just wanting full control --- Stablecoins are also being scrutinized? Looks like the Middle East is starting to play the central bank game too --- Why are privacy coins considered illegal? This logic is a bit hard to hold up --- I understand anti-money laundering, but is this approach a bit overkill? --- Middle Eastern tycoons probably transferred their assets long ago, and now they’re just informing us retail investors --- How else can XMR be played? Maybe we should switch to a different track

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GovernancePretender