Dubai: Ripple has received regulatory approval from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments and services from the Dubai International Financial Centre (DIFC). This makes Ripple the first blockchain-enabled payments provider licensed by the DFSA, reinforcing its commitment to regulatory compliance and innovation in the Middle East.
The UAE is a major hub for international trade, with a $400 billion market for outbound finance. Ripple's new licence will allow businesses to access faster, more transparent, and cost-efficient cross-border payment solutions. Ripple’s CEO, Brad Garlinghouse, highlighted the UAE’s leadership in crypto-friendly regulations, making it a prime location for blockchain adoption.
DIFC Authority CEO, His Excellency Arif Amiri, welcomed Ripple’s expanded presence, emphasizing Dubai’s role in fostering financial innovation. The licence adds to Ripple’s 60+ regulatory approvals worldwide, positioning it as a key player in the future of digital finance.
