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Ripple Obtained In-Principle Approval From DFSA to Expand Operations in UAE

  • Ripple has received in-principle approval from the Dubai DFSA to expand its presence in the UAE.
  • Ripple became the first blockchain-enabled payment services provider licensed by the DFSA.
  • The approval enhances Ripple's status as a regulated entity in the Middle East and allows it to operate from the DIFC.
  • Ripple aims to work collaboratively with global regulators and policymakers to implement compliant blockchain solutions.

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