DFSA Bans Privacy Coins and Tightens Stablecoin Rules in Dubai Crypto Overhaul

Published at 2026-01-12 09:45:23

On Jan 12, 2026 the Dubai Financial Services Authority (DFSA) announced a ban on privacy-focused tokens, saying such assets are incompatible with global compliance standards as it moves to a firm-led token suitability framework. The regulator named tokens traded under tickers DASH, XMR and ZEC as examples of privacy coins that run counter to AML/KYC expectations, signaling a stricter stance on anonymity-enhancing assets.

The DFSA also introduced more clearly defined stablecoin categories aimed at tightening issuer obligations, reserve requirements and custody practices. Together, the changes increase compliance costs for exchanges, custodians and issuers seeking access to Dubai’s regulated markets and could prompt token delistings or operational shifts; market participants and regional regulators will be watching for wider ripple effects across the Gulf and other crypto hubs.

Share on:

Related news

Binance Seeks Five More APAC Licenses in Major Asia Push

Binance plans to secure five additional operational licenses across the Asia-Pacific by the end of 2026, intensifying its regional expansion and regulatory engagement. The move follows the exchange's broader strategy to normalize local operations and grow product access.

Published at 2026-03-04 08:00:10
AI Agents Prefer Bitcoin in Nearly Half of Responses, Stablecoins Lead for Payments

A Bitcoin Policy Institute study of 36 AI models published March 3, 2026 found Bitcoin was the top monetary choice in 48% of responses, while payment-specific prompts saw over half of models favor stablecoins.

Published at 2026-03-04 04:00:46
Trump Urges Banks to Back GENIUS Act, Calls Weakening 'Unacceptable'

Donald Trump urged banking groups on March 3 to “strike a favorable deal” with the crypto industry and warned any effort to weaken the GENIUS Act is “unacceptable.” His intervention raises political pressure as lawmakers negotiate the stalled bill.

Published at 2026-03-04 01:30:55
SoFiUSD Comes to Mastercard Network for Stablecoin Settlements

SoFi and Mastercard will support settlement in SoFiUSD across Mastercard’s global payments network, marking a move to integrate regulated U.S. dollar stablecoins into mainstream card infrastructure. The integration aims to speed settlement and expand on‑ramp/off‑ramp options for merchants and payment providers.

Published at 2026-03-03 18:15:27
FATF: Stablecoins Now Main Vehicle for Sanctions Evasion and Money Laundering

FATF warns stablecoins now account for the majority of illicit crypto activity, with peer-to-peer transfers enabling sanctions evasion and money laundering. The report signals a need for stronger AML controls and closer scrutiny of off-ramps and decentralized rails.