While the lawsuit between Ripple (XRP) and the SEC is expected to be concluded in recent days, Ripple has received DFSA approval to offer crypto payments and services in Dubai. Blockchain payments provider Ripple has received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE). Ripple becomes the first blockchain-powered payments provider to be licensed by the DFSA. With this license, Ripple will now be able to offer its global blockchain-based payment solutions to businesses across the UAE.” “This marks Ripple’s first license in the Middle East and underscores the company’s long-standing commitment to regulatory compliance in the region and globally. The approval makes Ripple’s seamless compliance-first global payments product available to businesses in the UAE and reinforces Ripple’s role as a trusted partner for financial institutions looking to leverage the superior capabilities of digital assets to drive real-world utility,” Ripple said in a statement. Ripple CEO Brad Garlinghouse said the following regarding the DFSA license: “We are entering a period of unprecedented growth for the crypto industry, driven by greater regulatory clarity and increasing institutional adoption around the world. “Thanks to its early leadership in creating a supportive environment for technology and crypto innovation, the UAE is in an exceptional position to benefit from this.” *This is not investment advice. Continue Reading: Huge Announcement from Ripple (XRP) as SEC Case Nears Conclusion!
