Ripple Earns Financial License in Dubai: Will XRP See a Rally?
Several cryptocurrency firms have been exploring and expanding their services. Ripple has jumped on this bandwagon and even secured approval from Dubai’s financial regulator. According to a recent announcement by Ripple, it is set to become the first blockchain-based payment services firm to receive a license from the Dubai Financial Services Authority (DFSA). This will increase Ripple’s footprint as a regulated company in the Middle East since it may now operate out of the Dubai International Financial Centre (DIFC). Also Read: Bitcoin Falls to $63K After Fed’s Rate Cut Hints: Investor Alert! Ripple’s Expansion And Regulatory Approval Source – Coinpedia Ripple’s Announcement On X Ripple took to X (formerly Twitter) to reveal its in-principle approval from the DFSA. 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. https://t.co/4zq...