Ripple announced on Nov. 2 that the XRP token has been approved under the Dubai Financial Services Authority (DFSA)’s virtual assets regime.

That approval means that virtual asset firms will be able to make use of XRP if they are licensed within the Dubai International Financial Centre (DIFC) area — a special economic zone and financial hub in the United Arab Emirates’ largest city.

Brad Garlinghouse, the CEO of Ripple, said:

“It’s refreshing to see the DFSA encourage the adoption and use of digital assets such as XRP … Ripple will continue to double down on its presence in Dubai and we look forward to continuing to work closely with regulators to realize crypto’s full potential.”

The DFSA previously approved Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) in November 2022. Toncoin (TON) was approved alongside XRP today.

Ripple described its goals of expanding within Dubai earlier this year. Today, it noted that it chose the DIFC as its Middle East and North Africa (MENA) headquarters and said that about 20% of its customers are based in the MENA region.

Ripple is working with Georgia on digital lari

In related news, Ripple also announced the National Bank of Georgia had selected it as the official technology partner for its digital lari pilot project.

The announcement indicates that Ripple was chosen as a partner from a shortlist of nine candidates. The program will now move to a pilot phase and live testing.

The project involves a tokenized version of the Georgian lari (GEL) rather than the XRP token. However, the project will make use of Ripple’s CBDC Platform for central bank digital

Go to Source to See Full Article
Author: Mike Dalton

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details