Dubai bans privacy tokens, tightens stablecoin regulations in "reset" crypto

VARA (Dubai) officially bans privacy coins due to incompatibility with global standards, while implementing a "firm-led token suitability" model and stricter stablecoin classification. This is part of a strategy to attract institutions, prioritizing transparency. The news puts pressure on anonymous tokens, but supports the long-term compliant market. Meanwhile, India tightens KYC requirements for exchanges to combat money laundering/terror financing.

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