Dubai’s #DFSA  has banned all #Privacy  -enhancing tokens (including Monero and $ZEC  ) within the DIFC, effective January 12, prohibiting trading, promotion, and fund exposure.

ZEC

234.71

-0.88%

Regulators cited AML and FATF compliance concerns, stating privacy features make transaction tracing and ownership verification impractical.

The update also redefines stablecoins, allowing only fiat-backed tokens with high-quality liquid reserves, while excluding algorithmic stablecoins from the category.