Ripple Secures Key License in Dubai

Enterprise blockchain company Ripple has obtained a key license from Dubai’s financial regulatory agency, according to a Thursday press release.

The company will now be able to offer regulated cryptocurrency payments within the Dubai International Financial Centre, a special economic zone considered one of the most advanced financial centers in the world.

Ripple CEO Brad Garlinghouse commented that the industry has now entered a period of “unprecedented” growth. He has lauded the UAE for fostering “a supportive environment” for crypto.

Notably, Ripple established its regional headquarters in Dubai back in 2020 and has now secured more than 60 approvals across the globe.