In Dubai, private cryptocurrencies have been restricted

🔵The Dubai Financial Services Authority has imposed a ban on the use of private cryptocurrencies (#Monero and #Zcash)

❓The restrictions apply to trading, promotion, investment funds, derivative instruments, as well as services that enhance transaction privacy.

🔵The decision is related to risks of money laundering and compliance with sanctions requirements.

Here's your so-called cryptocurrency capital, the so-called crypto hub