Dubai Regulator Bans Privacy Tokens in DIFC Introducing Tighter Crypto Rules
Dubai’s monetary regulator has moved to ban privacy-focused cryptocurrencies throughout the Dubai International Financial Centre (DIFC), citing heightened dangers associated to anti-money laundering and sanctions compliance. Key Takeaways: Dubai has banned privateness tokens and anonymity instruments in the DIFC to align with international AML and sanctions requirements. The regulator has tightened stablecoin definitions, excluding algorithmic…
