Ripple Secures DFSA License in the UAE

2025-3-14 22:56

Ripple has secured a major license in the Middle East after getting regulatory nod from the Dubai Financial Services Authority (DFSA). The license allows Ripple to offer regulated crypto payments and services within the Dubai International Finance Centre (DIFC).

Ripple announced on March 13, 2025 that it had secured a major license in the Middle East.

The Dubai Financial Services Authority (DFSA) has greenlit Ripple to offer regulated crypto payments and services within the Dubai International Finance Centre (DIFC).

Ripple becomes the first blockchain-enabled payments provider to snag this crucial DFSA license.

Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC. https://t.co/6oHWtnjODr

This milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing…

— Ripple (@Ripple) March 13, 2025

Ripple secures license in Middle East milestone

This DFSA approval marks another of Ripple’s footprint in the Middle East, with this adding to a presence that includes major partnerships in the region.

It enhances the XRP creator’s recognition and aligns with Ripple’s plans to add to its global customer base. The license also means a potentially massive opportunity for XRP adoption.

“We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption,” said Brad Garlinghouse, chief executive officer of Ripple. “Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit.”

A 2024 Ripple survey found 64% of finance leaders in the Middle East and Africa (MEA) see faster payments as the killer app for blockchain-based currencies. No surprise, then, that over 82% of MEA finance bosses say they’re “very or extremely confident” about integrating this tech into their operations.

“Dubai and the broader UAE have established themselves as leaders in fostering a progressive and well-defined regulatory framework for digital assets,” said Reece Merrick, Ripple’s managing director for Middle East and Africa.

Merrick added;

“Securing this DFSA license is a major milestone that will enable us to better serve the growing demand for faster, cheaper and more transparent cross-border transactions in one of the world’s largest cross-border payments hubs.”

This license will be great for Ripple’s stablecoin RLUSD, which the company launched late last year. Like other stablecoins, RLUSD could supercharge crypto adoption in the UAE, with users accessing real-time settlement for cross-border payments and remittances.

The post Ripple Secures DFSA License in the UAE appeared first on CoinJournal.

origin »

Ripple (XRP) на Currencies.ru

$ 2.0944 (+0.27%)
Объем 24H $3.212b
Изменеия 24h: -3.59 %, 7d: -4.69 %
Cегодня L: $2.0803 - H: $2.1107
Капитализация $126.359b Rank 4
Цена в час новости $ 2.2613 (-7.38%)

license ripple dubai services dfsa offer regulated

Источник: coinjournal.net

license ripple → Результатов: 54


Фото:

Revolut in advanced stages of plan to launch its own stablecoin

Fintech giant Revolut is reportedly in the advanced stages of developing its own stablecoin, CoinDesk reported on Sept. 17, citing sources familiar with the matter. Revolut, which secured a UK banking license earlier this year, aims to follow the lead of major industry players like PayPal, Ripple, and BitGo, all of which have recently entered […] The post Revolut in advanced stages of plan to launch its own stablecoin appeared first on CryptoSlate.

2024-9-18 20:00


Фото:

Ripple secures digital payments license in Singapore

In yet another win for blockchain technology company Ripple, it has received full approval for its license to operate as a Major Payments Institution (MPI) in Singapore. This development comes on the heels of a recent ruling in the United States that denied the Securities and Exchange Commission (SEC) the ability to file an appeal […] The post Ripple secures digital payments license in Singapore appeared first on Invezz.

2023-10-5 10:54


Ripple Seeks Regulatory Nod, Applies For Crypto License In The UK

After securing a major legal triumph against the US Securities and Exchange Commission (SEC), Ripple, the blockchain payments firm, is now focusing on its expansion plans in Europe. Ripple’s move to apply for registration with the Financial Conduct Authority (FCA) and seek a payment institution license in Ireland further underscores the company’s commitment to responsibly […]

2023-7-23 16:42


Фото:

Ripple Granted Exemption From Holding A License In Singapore Thanks To Its Frictionless Remittance Solutions

Ripple’s payment solutions have gained traction in recent days as more customers leverage the solutions to power fast payments worldwide. These remittance solutions have earned Ripple recognition from the US Congress, traditional banking institutions like Bank of America and also the Monetary Authority of Singapore (MAS).

2020-4-16 14:49


дальше еще 5 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru