This Country Bans Trading Of Privacy Coins; Monero & ZCash In Trouble?

A list of regulatory requirements has recently been published by the Virtual Assets Regulatory Authority (VARA), which is the sole autonomous regulator of virtual assets in the emirate of Dubai. These requirements are specifically intended for cryptocurrency businesses that intend to operate in the country. The new set of laws include a variety of activities that are associated with virtual assets, such as running centralized exchanges, DEXes, advertising campaigns and custody, among other things.