2026-01-12 21:32:32

Dubai's financial regulator has rolled out stricter cryptocurrency compliance rules that immediately affect the market. Privacy-focused coins including Monero and Zcash are now prohibited, along with any mixing or tumbler services designed to obscure transaction trails. The ban extends to all transaction-hiding mechanisms operating within the jurisdiction.

The regulatory shift also tightens stablecoin requirements significantly. Only fiat-backed tokens with verified reserves now qualify for operation. Algorithmic stablecoins—those without direct asset backing—face restrictions under the new framework. This move signals a clear preference for transparency and reserve-backed stability mechanisms over algorithmic models in the region's crypto ecosystem.

ZEC8,79%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
8
Repost
Share

Comment

0/400

NftMetaversePainter

· 3h ago

ngl, dubai just yeeted algorithmic stablecoins straight into oblivion... the hash value of this regulatory move is literally reshaping market topology. fascinating how they're rejecting generative monetary models in favor of primitive reserve backing. blockchain purists in shambles rn

Reply0

RumbleValidator

· 01-12 22:01

Dubai's move is quite aggressive, directly banning privacy coins and wiping out mixers. Basically, it's all about prioritizing transparency, and validation nodes need to be up and running. As for stablecoins, tightening regulations is definitely necessary. On-chain data is clear at a glance, and reserves are verifiable—this truly ensures system security. It's much stronger than those algorithmic black boxes. However, the ban on privacy coins is also leading the Middle East to focus on infrastructure transparency, and the trend is quite obvious.

View OriginalReply0

MEVSupportGroup

· 01-12 22:00

Now, it's really over for privacy coins... Algorithmic stablecoins are also gone. Dubai is aiming to make the entire Web3 transparent.

View OriginalReply0

AirdropLicker

· 01-12 22:00

This wave in Dubai is really crazy, privacy coins are directly banned... To put it simply, regulators just don't want to see where the money is flowing to.

View OriginalReply0

unrekt.eth

· 01-12 22:00

Are Monero and Zcash directly banned? Dubai is really going all out... Algorithmic stablecoins are also unlucky; it seems that in the future, we'll have to rely on real gold and silver to speak.

View OriginalReply0

FlashLoanLarry

· 01-12 21:56

Are Monero and Zcash banned? Dubai is really going to completely sever ties with privacy coins.

View OriginalReply0

StableCoinKaren

· 01-12 21:54

Monero Zcash were directly banned? Isn't this going against the trend... The so-called transparency sounds good, but in reality, it's just about control.

View OriginalReply0

AltcoinMarathoner

· 01-12 21:49

mile 20 hitting hard rn... privacy coins getting knocked out while reserve-backed stables winning the race. algorithmic models sprinting too fast, burning out before finish line. just noise in the ultra-marathon though, fundamentals still intact somewhere down the road.

Reply0