Dubai Tightens Crypto Rules: Privacy Tokens Out

Dubai is making its stance on $BTC clearer. The financial regulator has banned privacy tokens from trading on regulated exchanges in the DIFC, pointing to AML and sanctions risks. The restriction applies to exchanges and financial firms - holding privacy coins in private wallets is still allowed.

At the same time, Dubai updated its approach to stablecoins. Only fiat-backed tokens with solid, liquid reserves will be treated as stablecoins, while algorithmic models will fall into the general crypto category.

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