Dubai Financial Center has taken new action—recently, the local financial services regulatory authority announced a comprehensive ban on the trading and circulation of privacy tokens within the free trade zone. The official reason is straightforward: the anonymous features of these currencies make anti-money laundering (AML) and economic sanctions compliance verification "impossible to complete." The ban also incidentally includes privacy tools like mixers within its regulatory scope.



This reflects an increasingly clear trend—major global financial centers are tightening their stance on privacy assets. From a compliance perspective, financial institutions need to clearly know where the money comes from and where it goes; the existence of privacy coins directly contradicts this fundamental requirement. In the short term, this puts pressure on privacy coin ecosystems like Monero and Zcash, but in the long run, it also promotes the standardization of compliance across the industry.
ZEC1,73%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)