DFSA’s new crypto rules are now live: ❌ Monero, Zcash banned ❌ Mixers & tumblers banned ❌ Any transaction-hiding tools banned
Stablecoins get tighter rules too: Only fiat-backed tokens with real reserves qualify Algo stables (like Ethena) aren’t banned, just not “stablecoins” anymore Big shift: Firms choose what to list. No regulator-approved list.
Dubai’s message: ✅ Innovation welcome ❌ Anonymity not welcome
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BREAKING: Dubai Just Banned Privacy Coins
DFSA’s new crypto rules are now live:
❌ Monero, Zcash banned
❌ Mixers & tumblers banned
❌ Any transaction-hiding tools banned
Stablecoins get tighter rules too:
Only fiat-backed tokens with real reserves qualify
Algo stables (like Ethena) aren’t banned, just not “stablecoins” anymore
Big shift: Firms choose what to list. No regulator-approved list.
Dubai’s message:
✅ Innovation welcome
❌ Anonymity not welcome