DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Cryptocurrency Cryptonews

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...

38 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cryptonews

Related market context