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#RİPPLE Receives 1st #licenses in Middle East From #Dubai Financial Regulatory Agency • On Thursday, the #blockchain payments giant announced that it received the #DFSA license to offer regulated #crypto services in the Dubai International Finance Centre (#DIFC ) #SEC
#RİPPLE Receives 1st #licenses in Middle East From #Dubai Financial Regulatory Agency

• On Thursday, the #blockchain payments giant announced that it received the #DFSA license to offer regulated #crypto services in the Dubai International Finance Centre (#DIFC )

#SEC
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Ripple Receives Full Regulatory Approval from the Dubai Financial Services Authority: Details Ripple has received full approval from the Dubai Financial Services Authority (DFSA) to provide blockchain payment solutions, making it the first provider of its kind in the Dubai International Financial Centre (DIFC). This license allows the company to benefit from the $40 billion cross-border payments market in the UAE. This step comes after Ripple received preliminary approval in October 2024, enhancing its regional presence, with the Middle East representing 20% of its customer base. XRP has also received approval from the DFSA, joining Bitcoin, Ethereum, and Litecoin among the approved assets. The Middle East and North Africa accounted for 7.5% of global cryptocurrency transactions, according to Chainalysis, reflecting the growing role of the UAE as a major digital hub. Ripple's global regulatory approvals have surpassed 60 approvals, including from Singapore and New York. At the same time, Ripple is still facing a legal battle with the U.S. SEC, which insists on classifying XRP as an unregistered security. Despite its partial victory in 2023, the company was imposed a financial penalty of $125 million. Analysts believe that leadership changes at the SEC may open the door for a more favorable resolution for the company. #difc #DFSA #xrp #Ripple $XRP
Ripple Receives Full Regulatory Approval from the Dubai Financial Services Authority: Details
Ripple has received full approval from the Dubai Financial Services Authority (DFSA) to provide blockchain payment solutions, making it the first provider of its kind in the Dubai International Financial Centre (DIFC).

This license allows the company to benefit from the $40 billion cross-border payments market in the UAE.

This step comes after Ripple received preliminary approval in October 2024, enhancing its regional presence, with the Middle East representing 20% of its customer base.

XRP has also received approval from the DFSA, joining Bitcoin, Ethereum, and Litecoin among the approved assets.

The Middle East and North Africa accounted for 7.5% of global cryptocurrency transactions, according to Chainalysis, reflecting the growing role of the UAE as a major digital hub.

Ripple's global regulatory approvals have surpassed 60 approvals, including from Singapore and New York.

At the same time, Ripple is still facing a legal battle with the U.S. SEC, which insists on classifying XRP as an unregistered security.

Despite its partial victory in 2023, the company was imposed a financial penalty of $125 million.

Analysts believe that leadership changes at the SEC may open the door for a more favorable resolution for the company.
#difc
#DFSA
#xrp
#Ripple
$XRP
#USDC Dubai: Emirates NBD’s Liv Bank Launches Crypto Services via Liv X App Liv, the first and largest digital bank of Emirates NBD in the UAE, has introduced cryptocurrency services through its Liv X app. This new offering allows customers to buy, hold, and sell cryptocurrencies seamlessly. The initiative is made possible through collaborations with Aquanow, a global virtual asset service provider regulated by VARA, and Zodia Custody, which will handle the custody of digital assets. A Step Towards Innovation in Crypto Services Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, commented on the launch: "We are excited to introduce cryptocurrency services on Liv X in collaboration with Aquanow, providing customers with a secure and convenient way to buy, sell, and trade digital assets. With the UAE leading in crypto adoption, this initiative aligns with Liv’s vision of innovation and excellence." Dubai’s Growing Crypto Ecosystem and the Crypto Tower Project Liv’s crypto expansion follows Dubai’s announcement of the Crypto Tower, a 17-story skyscraper set to be completed by 2027. This ambitious project aims to establish Dubai as a global digital finance hub, featuring coworking spaces, research labs, conference areas, and educational facilities dedicated to blockchain and fintech. As Dubai strengthens its position as a blockchain capital, Liv’s move to offer crypto services reflects a broader strategy of embracing digital assets while ensuring secure and regulated transactions for users. Recognition of Stablecoins USDC and EURC in Dubai In parallel, Circle, the issuer of stablecoins USD Coin (USDC) and EURC, has received regulatory recognition from the Dubai Financial Services Authority (DFSA). This approval enables financial institutions and fintech firms operating in the Dubai International Financial Centre (DIFC) to integrate these stablecoins into payments, treasury management, and other financial services. With these developments, Dubai continues to position itself as a leader in the global digital asset landscape, fostering innovation and trust in the cryptocurrency sector. #USDC✅ #EURC #DFSA #DIFC

#USDC

Dubai: Emirates NBD’s Liv Bank Launches Crypto Services via Liv X App

Liv, the first and largest digital bank of Emirates NBD in the UAE, has introduced cryptocurrency services through its Liv X app. This new offering allows customers to buy, hold, and sell cryptocurrencies seamlessly.

The initiative is made possible through collaborations with Aquanow, a global virtual asset service provider regulated by VARA, and Zodia Custody, which will handle the custody of digital assets.

A Step Towards Innovation in Crypto Services

Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, commented on the launch:

"We are excited to introduce cryptocurrency services on Liv X in collaboration with Aquanow, providing customers with a secure and convenient way to buy, sell, and trade digital assets. With the UAE leading in crypto adoption, this initiative aligns with Liv’s vision of innovation and excellence."

Dubai’s Growing Crypto Ecosystem and the Crypto Tower Project

Liv’s crypto expansion follows Dubai’s announcement of the Crypto Tower, a 17-story skyscraper set to be completed by 2027. This ambitious project aims to establish Dubai as a global digital finance hub, featuring coworking spaces, research labs, conference areas, and educational facilities dedicated to blockchain and fintech.

As Dubai strengthens its position as a blockchain capital, Liv’s move to offer crypto services reflects a broader strategy of embracing digital assets while ensuring secure and regulated transactions for users.

Recognition of Stablecoins USDC and EURC in Dubai

In parallel, Circle, the issuer of stablecoins USD Coin (USDC) and EURC, has received regulatory recognition from the Dubai Financial Services Authority (DFSA). This approval enables financial institutions and fintech firms operating in the Dubai International Financial Centre (DIFC) to integrate these stablecoins into payments, treasury management, and other financial services.

With these developments, Dubai continues to position itself as a leader in the global digital asset landscape, fostering innovation and trust in the cryptocurrency sector.
#USDC✅ #EURC #DFSA #DIFC
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