{"id":38738,"date":"2024-10-01T10:06:51","date_gmt":"2024-10-01T10:06:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ripple-secures-in-principle-approval-to-expand-services-in-the-uae\/"},"modified":"2024-10-01T10:06:51","modified_gmt":"2024-10-01T10:06:51","slug":"ripple-secures-in-principle-approval-to-expand-services-in-the-uae","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ripple-secures-in-principle-approval-to-expand-services-in-the-uae\/","title":{"rendered":"Ripple secures in-principle approval to expand services in the UAE"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/07\/04_Dubai-3-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/07\/04_Dubai-3-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/07\/04_Dubai-3-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/07\/04_Dubai-3-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Ripple announced the in-principle license from the Dubai Financial Services Authority (DFSA) on Tuesday, Oct. 1.<\/li>\n<li>DFSA\u2019s approval could see Ripple unlock its end-to-end payment services in the UAE as well as boost overall Middle East presence.<\/li>\n<\/ul>\n<p>Ripple <a href=\"https:\/\/ripple.com\/ripple-press\/ripple-receives-in-principle-approval-from-the-dubai-financial-services-authority\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> on October 1 that the blockchain company has hit another regulatory milestone in the United Arab Emirates.<\/p>\n<p>Specifically, the Dubai Financial Services Authority (DFSA) has granted <a href=\"https:\/\/coinjournal.net\/news\/tag\/ripple\/\">Ripple<\/a> an in-principle approval, allowing the company to expand its services and strengthen its presence in the UAE and broader Middle East.<\/p>\n<p>The approval means Ripple can now offer its services across other locations in the country, expanding from the Dubai International Financial Centre (DIFC).<\/p>\n<p>\u201cThis is a pivotal moment for Ripple\u2019s operations in the Middle East. The DFSA is a globally renowned independent regulator with a rigorous regulatory process and we are delighted to have received their in-principal approval,\u201d Reece Merrick, Ripple managing director, Middle East and Africa, said in a statement.<\/p>\n<p>According to Merrick, more than 20% of Ripple\u2019s global user base is in the UAE, and the expansion will help bring products and services to a growing number of people and businesses. Among key developments will be Ripple\u2019s offering of its cross-border payment solutions, including the Ripple Payments Direct, or RPD service.<\/p>\n<h2>Ripple\u2019s regulatory compliance<\/h2>\n<p>The milestone sets Ripple, the company behind the <a href=\"https:\/\/coinjournal.net\/news\/tag\/xrp\/\">XRP<\/a> cryptocurrency, on the path to becoming the first blockchain-based payments provider to secure a license from the DFSA.<\/p>\n<p>UAE is the regional MENA and South Asia headquarter for Ripple, which the company <a href=\"https:\/\/coinjournal.net\/news\/ripple-establishes-regional-office-in-dubai\/\">established in Dubai in 2020<\/a>.<\/p>\n<p>But apart from regulatory compliance in the UAE, added to with this new in-principle license, Ripple has a broader traction in this quest. The company has secured over 55 licenses across various jurisdictions across the world, including the New York Department of Financial Services (NYDFS), the Monetary Authority of Singapore (MAS) and the Central Bank of Ireland (CBI).<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ripple-secures-in-principle-approval-to-expand-services-in-the-uae\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ripple announced the in-principle license from the Dubai Financial Services Authority (DFSA) on Tuesday, Oct. 1. DFSA\u2019s approval could see Ripple unlock its end-to-end payment services in the UAE as well as boost overall Middle East presence. Ripple announced on October [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":38739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38738"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38738"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38739"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}