🚨BREAKING NEWS: Ripple Secures Full Regulatory Approval from Dubai Financial Services Authority (DFSA) for Crypto Payment Services in UAE
Ripple, a leading blockchain payment provider, has achieved full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border cryptocurrency payment services in the United Arab Emirates (UAE). The company announced on March 13 that it had obtained its DFSA license, granting it the ability to operate within the Dubai International Financial Center (DIFC), a prominent free-economic zone in the UAE with its own tax policies and regulatory framework.
This milestone comes nearly six months after Ripple received in-principle approval for the DFSA license. On October 1, 2024, Ripple disclosed its efforts to secure the license as part of its broader strategy to expand its digital asset infrastructure in the UAE. The approval marks a significant step in Ripple's mission to enhance its presence in the region and provide innovative crypto-based payment solutions.
This development underscores the UAE's growing role as a hub for blockchain and #cryptocurrency innovation, as well as Ripple's commitment to complying with regulatory standards while expanding its global footprint.
#xrp #ripple #UAE #Blockchain #crypto #Dubai
Ripple, a leading blockchain payment provider, has achieved full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border cryptocurrency payment services in the United Arab Emirates (UAE). The company announced on March 13 that it had obtained its DFSA license, granting it the ability to operate within the Dubai International Financial Center (DIFC), a prominent free-economic zone in the UAE with its own tax policies and regulatory framework.
This milestone comes nearly six months after Ripple received in-principle approval for the DFSA license. On October 1, 2024, Ripple disclosed its efforts to secure the license as part of its broader strategy to expand its digital asset infrastructure in the UAE. The approval marks a significant step in Ripple's mission to enhance its presence in the region and provide innovative crypto-based payment solutions.
This development underscores the UAE's growing role as a hub for blockchain and #cryptocurrency innovation, as well as Ripple's commitment to complying with regulatory standards while expanding its global footprint.
#xrp #ripple #UAE #Blockchain #crypto #Dubai
15 days ago
