Ripple Boosts Middle East Presence with In-Principle Approval in Dubai
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
San Francisco-based Ripple announced Tuesday that it obtained in-principle approval from the Dubai Financial Services Authority (DFSA), the regulator responsible for overseeing various financial activities.
With this approval, Ripple said it is set to expand its enterprise-level digital asset solutions and its reach across the UAE.
“Blockchain and crypto technologies are here to stay,” said Brad Garlinghouse, Ripple’s CEO. He added that the UAE is positioning itself as a global leader in a new financial technology era.
We’re delighted to have secured in-principle approval of a financial services license from Dubai Financial Services Authority, unlocking our end-to-end managed payments services in the UAE.
Read more on cryptonews.com
