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cryptonews
2023-02-09 10:20:00

Dubai Takes a Stand Against Privacy Coins with Ban on Anonymity-Enhancing Crypto

Dubai Takes a Stand Against Privacy Coins with Ban on Anonymity-Enhancing Crypto

Dubai's virtual asset authority has prohibited the use of privacy coins such as Monero (XMR) and ZCash (ZEC), as well as any activities related to the coins. According to the new set of crypto regulations, "The issuance of Anonymity-Enhanced Cryptocurrencies and all VA Activity[ies] related to them are prohibited in the Emirate." The regulator defines these "Anonymity-Enhanced Cryptocurrencies" as... Read More: Dubai Takes a Stand Against Privacy Coins with Ban on Anonymity-Enhancing Crypto

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