Dubai Updates Crypto Rules: No Privacy Tokens, New Stablecoin Standards

TLDR The DFSA has banned all privacy tokens from use within the Dubai International Financial Centre. The new rules prohibit mixers, tumblers, and tools that obscure crypto transaction data. Licensed firms must now assess and approve the crypto tokens they offer, replacing DFSA’s approval list. Stablecoins are now limited to fiat-backed tokens with high-quality, liquid [...]

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