Dubai Regulator Bans Privacy Tokens, Tightens Stablecoin Rules
Dubai's financial regulator is implementing stricter rules for the crypto market. According to reports, privacy-focused tokens are now banned due to incompatibility with global compliance standards. The development also includes a move towards a firm-led token suitability model. Furthermore, the regulatory changes involve sharper classifications for stablecoins. These measures signal a reset in Dubai's approach to crypto regulation, emphasizing compliance and investor protection, according to reports.
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