⚡️ Dubai 🇦🇪: The American 🇺🇸 cryptocurrency platform Ripple obtains DFSA license...

⚡️ Dubai 🇦🇪: The American 🇺🇸 cryptocurrency platform Ripple obtains DFSA license...

… becoming the first blockchain-based payment service provider to be licensed in the UAE. Get ready, Middle East❗️

➡️ The regulatory body in the Emirates, the Dubai Financial Services Authority (DFSA), is responsible for overseeing operations within the Dubai International Financial Centre (DIFC), a special economic zone designed to serve as a financial hub for companies operating in the Middle East, Africa, and South Asia.

➡️ Currently, over 20% of Ripple's global customer base is in the UAE; the platform plans to focus on cross-border payments.

➡️ Ripple's token has not been significantly affected by this expansion. It is currently trading at approximately $0.62, representing a decline of less than 1% compared to the value recorded on September 30.

➡️ With this new license, Ripple now holds 55 licenses worldwide, including those from the New York Department of Financial Services (NYDFS) and the Monetary Authority of Singapore (MAS) 🇸🇬.
In summary, Ripple continues to thrive worldwide. Hooray, comrades!

#news #Asia #crypto #USA

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