Ripple has received regulatory approval from the Dubai Financial Services Authority (DFSA) to provide cross-border crypto payment services in the United Arab Emirates (UAE), marking it as the first licensed blockchain payment provider in the Dubai International Financial Center (DIFC). Announced on March 13, this license allows Ripple to operate within a free-economic zone with distinct tax and regulatory frameworks. The approval follows Ripple's previous announcement on October 1, 2024, regarding its intention to gain DFSA licensing, aiming to enhance its digital asset infrastructure in the UAE. With this licensing, Ripple will be able to offer its blockchain-based payment solutions to various businesses in the UAE, catering to both crypto-specific firms and traditional financial institutions seeking to incorporate digital assets in practical applications. Ripple CEO Brad Garlinghouse highlighted that the UAE is positioned to thrive in tech and cryptocurrency innovation, reflecting an unprecedented growth phase driven by regulatory clarity and increasing institutional adoption in the global crypto industry.

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