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Ripple scores Dubai green light – DFSA license unlocks crypto payments in the UAE
Ripple has secured a significant regulatory approval in the form of a Dubai Financial Services Authority (DFSA) license, marking its first official approval in the Middle East. The move grants Ripple access to the $400 billion financial hub of Dubai, a city known for its international trade dominance.
This milestone comes at an interesting time for Ripple, as the Securities and Exchange Commission (SEC) draws closer to concluding its long-running lawsuit against the blockchain firm. For context, Ripple has been at the center of regulatory debates since 2020.
