#Ripple has received approval from the Dubai Financial Services Authority to provide regulated crypto payments and services in the UAE, making it the first blockchain-enabled payments provider licensed by the agency. &8
Ripple has seen increasing demand in the Middle East, with around 20% of its global customer base operating in the region.
Ju Ripple's DFSA license adds to its over 60 regulatory approvals worldwide, including licenses from the Monetary Authority of Singapore, New York Department of Financial Services, Central Bank of Ireland, and multiple U.S. states.