CORRECTION: Dubai's new crypto rules prohibit activities related to anonymity-enhancing tokens.
published its long-awaited crypto regulations
, which sets licensing and authorization requirements for virtual asset companies and issuers looking to operate in Dubai. The new rules define anonymity-enhancing crypto as"a type of Virtual Asset which prevents the tracing of transactions or record of ownership through distributed public ledgers and for which the [Virtual Asset Service Provider] has no mitigating technologies or mechanisms to allow traceability or identification of ownership."
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