Dubai bans privacy coins, tightens stablecoin rules

• Privacy crypto ban: Starting Jan 12, 2026, Monero, Zcash, and other privacy-focused cryptocurrencies are prohibited in Dubai.
• Stablecoins: Only fiat-backed assets with highly liquid reserves are recognized.
• Algorithmic tokens: Not recognized as stablecoins under the new rules.

Dubai’s regulator is clearly drawing a line between traceable digital assets and privacy-focused or uncollateralized tokens, signaling tighter oversight of crypto transactions.

@crypto 🪙