The authorities of Emirate Dubai banned operations with anonymous cryptocurrencies – Bits Media

Office for the regulation of virtual assets of Emirate Dubai (BE) introduced a ban on the use of cryptocurrencies, "Increasing anonymity", such as Monero, Dash or Zcash.

This follows from the published on Tuesday, 7 february, Document on the Vara website. According to the vault rules, Anonymous currencies are a type of virtual asset, which "prevents tracking transactions or entry about ownership through public blockchains, in respect of which the supplier of virtual assets (VASP) has no technology or mechanisms, allowing to track or determine the right of ownership ".

Vara - recently created Dubai regulator, The most open to foreigners of the United Arab Emirates. The department was established to regulate the growing market NFT and cryptocurrencies.

At the beginning 2022 the years of the Dubai authorities announced the intention to make the emirate one of the most advanced regions in terms of the level of presence in the metavsel. The authorities have developed a strategy, providing for the creation of more 40 000 virtual jobs to 2030 year.