Binance is set to impose new trading restrictions on users in the United Arab Emirates this April. Beginning April 25, 2025, all UAE-based accounts will be moved to its Dubai-regulated platform, Binance FZE.
As part of the transition, several widely used privacy coins and fiat currencies will be completely unsupported on Binance FZE. According to Binance, users will lose access to Monero (XMR), Dash (DASH), Zcash (ZEC), and Decred (DCR).
Fiat currencies such as the Euro (EUR), British Pound (GBP), Japanese Yen (JPY), and Turkish Lira (TRY) are also affected. Users will no longer be able to trade or hold these assets once their accounts are migrated to FZE.
The trading services for Spot, Convert, Trading Bots, and Copy Trading will end their functions beginning on April 25. All platform orders using restricted assets will receive cancellation through Binance before the execution time of June 8.
Switching to Binance FZE allows users to access their affected tokens until they finish their account transfer. Users can access privacy token withdrawals at Binance FZE until June 8, 2025.
The ability to withdraw unsupported fiat currencies will stop immediately after users transfer their accounts to FZE. Following the withdrawal deadline expiration, the leftover balances of the affected assets will be transformed into USDT by default.
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Binance Tightens Trading Access Under New Dubai Regulations
Binance FZE will also phase out derivatives and financial products involving the delisted tokens after June 8. New positions in Monero, Zcash, and Dash futures will no longer be allowed after that date.
Open futures contracts will face a slowing closure process when executing the final phase of FZE asset delisting. Margin holdings will undergo automatic settlement, including debt repayments and pending order cancellations.
Binance recommends that all users complete margin position terminations and transfer assets into Spot wallets before June 8. Starting from this date, Binance Simple Earn services will no longer accept restricted asset subscriptions.
During the expiration process, the user’s Spot account will receive all active subscriptions along with accumulated rewards. The use of affected tokens within Flexible and VIP crypto loans will end by the specified deadlines.
Users who utilize these assets must repay their loans to avoid automatic execution and enforced collection through asset liquidation. Binance attributes these changes to ongoing compliance efforts in line with Dubai’s Virtual Assets Regulatory Authority.
UAE-based Binance users are urged to act before the transition deadline to avoid asset disruptions. The platform’s regulatory shift underscores growing global pressure on privacy-focused trading activities.
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