Ripple Bolsters Middle East Footing with Pioneering Regulatory Approval from Dubai
by aria-crypto.com
March 13, 2025 at 07:50
Ripple Bolsters Middle East Footing with Pioneering Regulatory Approval from Dubai
Ripple has been granted its first license in the Middle East by the Dubai Financial Services Authority (DFSA), enabling it to provide fully regulated crypto services. This approval from the DFSA marks a significant step for Ripple, making it the inaugural blockchain payments entity with a license in the Dubai International Finance Centre (DIFC). The regulatory nod is seen as a milestone in advancing Dubai's status as a forward-thinking hub for cryptocurrency innovation. Brad Garlinghouse, CEO of Ripple, praised the UAE for its clear regulatory environment which supports institutional adoption and growth in digital asset industries. Ripple established its regional headquarters in Dubai in 2020, reaffirming its commitment to fostering crypto advancements in the region. According to recent statistics, the Middle East accounts for a fifth of Ripple's global customer base, positioning the UAE to significantly benefit from developments in tech and blockchain sectors. The World Bank recognizes the UAE as a critical player in global trade and finance, further enhancing its suitability for robust crypto-oriented activities.
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