Dubai bans privacy tokens, tightens stablecoin rules in crypto reset

2026-01-12 11:56:20

Source: CryptoNewsNet Original Title: Dubai bans privacy tokens, tightens stablecoin rules in crypto reset Original Link: Dubai’s financial regulator banned privacy tokens from use across the Dubai International Financial Centre (DIFC), citing anti-money laundering (AML) and sanctions compliance risks, as part of a sweeping update to its crypto rules that also shifts token approval responsibility onto companies and tightens the definition of stablecoins.

The updated Crypto Token Regulatory Framework, which comes into force Jan. 12, positions the Dubai Financial Services Authority (DFSA) as a regulator focused less on approving individual crypto assets and more on enforcing global compliance standards.

The prohibition comes as privacy coins such as Zcash have seen renewed interest from traders, with Monero crossing an all-time high recently. The ban applies broadly across trading, promotion, fund activity and derivatives in or from the DIFC.

ZEC-2,66%

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.