Ripple has obtained a license from the Dubai Financial Service Authority and can provide encryption payment services in the UAE

【Ripple has obtained a license from the Dubai Financial Services Authority to provide encryption payment services in the UAE】Arif Amiri, CEO of the Dubai International Financial Centre (DIFC), stated that Ripple has obtained comprehensive regulatory approval from the Dubai Financial Services Authority (DFSA) to provide cross-border encryption payment services in the United Arab Emirates (UAE). The company announced on March 13 that it has obtained its DFSA license, allowing it to operate in the Dubai International Financial Center (DIFC). DIFC is a free economic zone in the UAE with its own tax policies and regulatory framework. This announcement comes nearly six months after the company announced preliminary approval of the DFSA license. On October 1, 2024, Ripple revealed that it is working to obtain DFSA approval to launch its digital asset infrastructure in the UAE.