Dubai approval boosts Ripple's Middle East operations
Quote from zerpie on October 1, 2024, 7:55 amThat makes Ripple the first blockchain-based company to be licensed by Dubai’s regulator.
Comments Ripple CEO Brad Garlinghouse: “Regulatory clarity is what businesses want, and what consumers need. The UAE understands that.”
Says Ripple CLO Stuart Alderoty: “Good news as Ripple continues to add to our global license portfolio (55+ and counting!). A testament to our continued engagement with global regulators, and the growing opportunity in jurisdictions that choose to support innovation.”
https://twitter.com/Ripple/status/1841013971676967283?ref_src=twsrc%5Etfw
That makes Ripple the first blockchain-based company to be licensed by Dubai’s regulator.
Comments Ripple CEO Brad Garlinghouse: “Regulatory clarity is what businesses want, and what consumers need. The UAE understands that.”
Says Ripple CLO Stuart Alderoty: “Good news as Ripple continues to add to our global license portfolio (55+ and counting!). A testament to our continued engagement with global regulators, and the growing opportunity in jurisdictions that choose to support innovation.”
We’re delighted to have secured in-principle approval of a financial services license from Dubai Financial Services Authority, unlocking our end-to-end managed payments services in the UAE. 🌍🇦🇪https://t.co/4zq8YPlgaG
— Ripple (@Ripple) October 1, 2024