Is it a surprising news to you? If yes, then you were probably living under the rock. Slowly every nation will make rules to ban anonymous payment or privacy coins. It's just a matter of time. Anonymity is the biggest headache for the governments and this is effectively delaying the crypto adoption of many governments.

Dubai is usually known for their lenient rules and regulations. But when they are emphasizing on registering the crypto companies, they might have a plan for them. Let's just hope that the plan is favorable for the crypto market.