Ripple grabs yet another achievement with its recent legal and regulatory approval which will basically grant crypto-related firms within the Dubai International Financial Center (DIFC) the right to offer XRP services. Latest Approval Sparks Broader XRP Adoption According to a recent announcement, XRP was recently approved under the digital asset regime of the Dubai independent financial services regulatory body within the DIFC, Dubai Financial Services Authority (DFSA). Related Reading: Dubai Watchdog Sounds The Alarm On Crypto Regulatory Blind Spots This achievement appears to be more significant than it seems. This is due to the position held by the DIFC as the top financial center not only in Dubai or the UAE, but also covering a huge territory, including the whole Middle East, Africa, and South Asia (MEASA) region. Additionally, for the past 20 years and counting, the DIFC has been the hub for a variety of financial initiatives, which makes it one of the major locations for companies, investors, and financial institutions in the MEASA area. With this approval, regulated cryptocurrency-focused businesses based in the MEASA ..
Support the originator by clicking the read the rest link below.
