Ethereum has adopted ERC 5564, a transaction layer privacy feature, which will bring further privacy for crypto users.

The technology relies on Stealth Addresses, where a temporary receiving address is used to obscure the real address of the crypto receiver. Native Ethereum addresses can be easily tracked even if you change the wallet where you store crypto. Each transaction creates a trail that can be tracked to obtain your new address.

Dubai has banned privacy tokens like ZCash and Monero, citing possible AML violations.

However, it might make an exception for Ethereum due to the latter’s central role in DeFi and blockchain technology.

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