Breaking News! Dubai全面 bans privacy coins, will XMR go up or down?

The Dubai Financial Services Authority (DFSA) has officially issued new regulations, completely banning privacy coin-related activities within the Dubai International Financial Centre (DIFC). This ban covers trading, promotion, and all types of derivative services related to privacy coins, with XMR and other privacy coins being included in the restricted list.

The DFSA clearly stated that the core reason for this ban is that the technological characteristics of privacy coins cannot meet anti-money laundering (AML) and sanctions compliance requirements, fundamentally conflicting with global financial regulatory standards.

Notably, the new regulations not only target privacy coins but also redefined stablecoins: only 'fiat-backed crypto tokens' backed by fiat currency or high-quality liquid assets are recognized, while algorithmic stablecoins relying on algorithmic supply and demand adjustments are not included in the recognized category and will be classified as ordinary crypto tokens for regulation.

XMR is bearish in the short term; I already advised everyone to short it this morning, with a short-term target around 560.

My ongoing strategy is to continue tracking XMR, aiming for a tenfold return, join the layout at 聊天室.

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