The Financial Services Regulatory Authority (DFSA) of Dubai International Financial Centre has recently taken a tough stance against privacy coins. According to the latest regulations, privacy coins like Monero are facing a comprehensive ban in this financial hub—trading, promotion, and derivatives trading have all been halted. The official reasons mainly revolve around two points: money laundering risks and compliance enforcement difficulties.

Meanwhile, the regulatory framework for stablecoins is also tightening. DFSA explicitly states that only fiat-backed or high-quality asset-backed tokens are recognized, while algorithm-based stablecoins are directly excluded. This series of policy adjustments reflects the increasing caution of global financial centers towards digital assets.

Interestingly, regulatory pressure has instead stimulated activity within the privacy coin community. Market observations show that funds are flowing heavily from Zcash to Monero. More notably, the Monero FCMP++ upgrade has been confirmed and is scheduled for official deployment in January. This technological iteration is widely regarded as a significant advancement in privacy technology and has boosted the community’s bullish expectations for such assets. Meanwhile, mainstream cryptocurrencies like Bitcoin and Ethereum continue their upward trend, indicating a bullish market overall.