Quote from: avikz on Today at 05:52:59 PM

Quote from: zasad@ on February 09, 2023, 03:47:55 PM

Dubai Prohibits Privacy Coins Like Monero Under New Crypto Rules
The issuance of anonymity-enhancing crypto are banned under the Emirate's new regulations for digital assets.

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.

For me, this is not news and not a problem, if banks do not accept monero, I will change it to bitcoin. In Dubai, there is currently no verification of the source of funds, and many crypto users buy expensive real estate without verification. I think that this will end quickly, and property owners will be asked where they have so much money from and whether they paid taxes.