Crypto
Dubai bans privacy coins on exchanges, tightens stablecoin rules
Dubai\'s financial regulator has banned the use of privacy coins on exchanges and strengthened stablecoin rules as part of a revised crypto regulatory framework, CoinDesk reported. The rules apply to exchanges regulated in the Dubai International Financial Centre, shift responsibility for token approvals to firms and tighten the definition of stablecoins. The measures also prohibit privacy-coin trading, promotion, fund activity, derivatives and the use of mixers and tumblers, citing AML and sanctions compliance.
