Dubai International Financial Centre published an update announcing that Ripple has received approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments and services in the Dubai International Financial Centre (DIFC), making it the first blockchain-enabled payments provider licensed by the DFSA in DIFC. The release describes the approval as Ripple’s first licence in the Middle East and says it will make Ripple’s compliance-focused global payments product available for businesses in the United Arab Emirates. It also notes Ripple has headquartered its Middle East operations in DIFC since 2020, cites growing regional demand for faster and more transparent cross-border payments, and references expectations of increased stablecoin usage alongside payment activity, including Ripple’s RLUSD stablecoin exceeding USD 130m in market capitalisation.
Dubai International Financial Centre 2025-03-13
Dubai International Financial Centre announces Ripple has secured a Dubai Financial Services Authority licence for regulated crypto payments
Dubai International Financial Centre announced Ripple's approval from the Dubai Financial Services Authority to provide regulated crypto payments, marking it as the first blockchain-enabled payments provider licensed in DIFC. This is Ripple's first Middle East license, facilitating its compliance-focused global payments product for UAE businesses. Ripple has been headquartered in DIFC since 2020, amid rising demand for efficient cross-border payments and increased stablecoin usage, with Ripple's RLUSD stablecoin surpassing USD 130 million in market capitalization.