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Ripple has secured full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the UAE, becoming the first blockchain payments provider in the Dubai International Financial Center (DIFC). This license enables Ripple to deliver secure blockchain-based payment solutions, catering to the rising demand for efficient financial transactions in the region. The company is also collaborating with the Central Bank of the UAE to comply with upcoming stablecoin regulations, further enhancing its presence in the MENA fintech market.
Ripple has secured a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the Dubai International Financial Centre (DIFC), marking its first license in the Middle East. This approval allows UAE businesses to utilize Ripple's blockchain-based payment system, reflecting the region's growing demand for efficient cross-border solutions. Ripple's CEO highlighted the UAE's supportive environment for tech and crypto innovation, while the company anticipates increased stablecoin adoption driven by the need for real-time settlement.
Ripple has secured a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the Dubai International Financial Centre (DIFC), marking its first license in the Middle East. This approval allows UAE businesses to utilize Ripple’s blockchain-based payment system, reflecting the region's growing demand for efficient cross-border solutions. CEO Brad Garlinghouse emphasized the UAE's supportive environment for tech and crypto innovation, which positions it well for future growth.
Elon Musk has named the "future president" of the US on X, sparking reactions online. Meanwhile, Dubai's financial landscape is thriving, with the Dubai International Financial Centre (DIFC) reporting a 25% increase in registered businesses, now hosting 75 hedge funds. The city is also a magnet for family offices, managing $1.2 trillion in assets, as it becomes a preferred destination for high-net-worth individuals seeking investment opportunities and succession planning.
Dubai is emerging as a global hub for family offices, driven by high-net-worth individuals seeking Sharia-compliant investments and access to international markets. The Dubai International Financial Centre (DIFC) has seen a 25% increase in registered businesses, with a strong focus on fintech and alternative investments. As family offices diversify their portfolios, they are increasingly investing in local startups and sectors aligned with their core businesses, contributing to Dubai's economic growth and innovation.
GMR Airports has raised ₹1,100 crore through non-convertible debentures from Deutsche Bank. Dubai's financial landscape is thriving, with the Dubai International Financial Centre (DIFC) seeing a 25% increase in registered businesses, now hosting 75 hedge funds. The city is also a hub for family offices, managing $1.2 trillion in assets, driven by high-net-worth individuals seeking investment opportunities and favorable regulatory conditions.
Dubai"s financial hub is now home to family offices managing over $1 trillion in assets, fueled by a surge of high-net-worth individuals. Arif Amiri, CEO of the Dubai International Financial Centre Authority, noted that the DIFC hosts over 120 families and 800 related entities overseeing more than $1.2 trillion in assets.
Arif Amiri
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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