Dubai’s DFSA bans privacy tokens as USDe falls outside stablecoin umbrella

Dubai’s financial regulator has barred privacy-focused cryptocurrencies from its main financial free zone, citing anti-money laundering and sanctions risks, in the wake of the Emirate’s digital asset rulebook overhaul and token approval responsibilities onto firms. The Dubai Financial Services Authority said the prohibition applies in the Dubai International Financial Centre (DIFC), affecting banks, asset managers, […] source: https://www.cryptopolitan.com/dubai-dfsa-bans-privacy-tokens/