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Ripple Gets Approval to Operate in the UAE

Dubai continues to enhance its reputation as a major crypto hub with Ripple gaining official permission to provide blockchain-based payment services.

DFSA Grants Full Licence

Ripple has received full approval from the Dubai Financial Services Authority (DFSA), enabling it to deliver its blockchain payment solutions across the UAE.

Establishing Presence in Dubai’s DIFC

With this licence, Ripple can now operate within the Dubai International Financial Centre (DIFC), a business-friendly free zone that offers its own regulatory framework and tax advantages.

From Initial OK to Full Authorization

The full licence follows Ripple’s in-principle approval received in October 2024. Now fully authorized, the company can scale its operations and serve clients in the region.

Helping Businesses Embrace Digital Payments

Ripple’s approval allows it to offer crypto-based payment services to UAE businesses, promoting the adoption of digital assets for real-world financial use.

CEO Highlights UAE’s Innovation-Driven Approach

Brad Garlinghouse, Ripple’s CEO, praised the UAE’s commitment to tech innovation and clear regulatory guidance, which is drawing both traditional financial firms and crypto-native businesses.

High Demand for Cross-Border Payment Solutions

Ripple is seeing growing interest in the Middle East from institutions seeking efficient cross-border payments, not just within the crypto space but also from conventional banks.

Collaborating on Stablecoin Regulation

As the UAE develops new rules around stablecoins, Ripple is working with the country’s central bank to ensure full compliance with upcoming regulations.

A Milestone for Ripple and DIFC

Ripple becomes the first blockchain payment provider to be licensed in the DIFC. This achievement strengthens the UAE’s crypto ecosystem and opens doors for Ripple across the MENA region.