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XRP News: Ripple Secures DFSA License, Expanding Regulated Crypto Payments in Dubai’s DIFC

XRP News: Ripple Secures DFSA License, Expanding Regulated Crypto Payments in Dubai’s DIFC

Author:
XRP News
Published:
2025-03-13 15:17:41
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Ripple has made a significant stride in the Middle East by securing a DFSA license, positioning itself as the first blockchain-powered payments provider within Dubai’s DIFC. This move underscores the company’s ambitions to bolster its presence in the region and facilitate cross-border cryptocurrency payments across the UAE.

Ripple Secures DFSA License, Expands Regulated Crypto Payments in Dubai’s DIFC

Ripple has obtained a DFSA license, marking its position as the first blockchain-powered payments provider within DIFC, Dubai. This approval signifies a significant move in the company’s broader efforts to expand its presence in the region, granting it the ability to facilitate cross-border cryptocurrency payments throughout the United Arab Emirates (UAE). Currently, around 20% of Ripple’s global customer base operates in the Middle East. Additionally, 82% of MEA finance leaders support the implementation of blockchain, with 64% naming speedier settlements as their top priority.

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The long-running legal battle between Ripple and the SEC may finally be reaching its end, but not in the way many expected. Recent discussions among legal experts suggest a quiet settlement may already be in place, keeping details hidden. The lawsuit saw a major ruling last August, fining Ripple $125 million and restricting XRP sales to institutional investors. The SEC appealed, claiming retail sales should also be considered unregistered securities.

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