Ripple scores Dubai green light – DFSA license unlocks crypto payments in the UAE – BitRss

• Ripple has secured a DFSA license, marking its first regulatory approval in the Middle East
• XRP ($2.30) may be seeing bullish momentum as SEC nears resolution of its lawsuit against Ripple

Ripple has taken a major step in its global expansion plans by securing regulatory approval in the UAE and obtaining a Dubai Financial Services Authority (DFSA) license to offer cross-border crypto payment services in Dubai.

This marks its first official approval in the Middle East, granting it access to a $400 billion financial hub known for its international trade dominance.

The timing of this move is particularly significant as the SEC inches closer to concluding its long-running lawsuit against Ripple. In fact, the blockchain firm has been at the center of regulatory debates since 2020. 

Execs weigh in…

Remarking on the achievement, Brad Garlinghouse, Chief Executive Officer of Ripple, noted, 

“We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption. Thanks t…