Dubai’s financial regulator approves XRP under its virtual assets regime

2023-11-2 19:08

Ripple says approval allows licensed firms to incorporate XRP into their crypto asset services. CEO Brad Garlinghouse notes that Dubai continues to grow as a global leader in crypto regulation and innovation. Other cryptocurrencies allowed under the DFSA virtual asset regime are BTC, ETH and LTC.

Ripple has announced that the Dubai Financial Services Authority (DFSA) has officially approved the XRP cryptocurrency token under the regulator’s virtual assets regime. 

The approval allows licensed firms in the Dubai International Financial Centre (DIFC) to integrate XRP into their virtual asset services, the blockchain company noted in a press release.

XRP joins BTC, ETH and LTC on DFSA’s list

DFSA’s approval of XRP brings the number of digital assets allowed under the regulator’s virtual assets regime to four, with the Ripple token joining Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

According to Ripple, the development could see XRP benefit from DIFC’s legal and regulatory clarity. The company also believes this has the “potential to unlock new regional payments and other virtual asset use cases on the XRP Ledger.”

Today’s announcement comes a few days after Ripple inked a strategic partnership with crypto exchange Uphold as it seeks to bolster its cross-border payments infrastructure. It also comes ahead of Ripple Swell, a flagship event set for Dubai on November 8-9, with headline speakers including Alya Al Zarouni, COO of DIFC; and Hensen Orser, the CEO of VARA.

Ripple CEO Brad Garlinghouse, commenting on the XRP listing, lauded Dubai’s continued approach to the regulation of digital assets, noting its role in “nurturing innovation.”

“It’s refreshing to see the DFSA encourage the adoption and use of digital assets such as XRP to position Dubai as a leading financial services hub intent on attracting foreign investment and accelerating economic growth. 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,” Garlinghouse added.

The post Dubai’s financial regulator approves XRP under its virtual assets regime appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto xrp dubai asset notes garlinghouse ceo

Источник: coinjournal.net

crypto xrp → Результатов: 126


Фото:

XRP Poised For ‘Massive Mega Pump’ After 540 Days of Consolidation, Predicts Crypto Analysts

The cryptocurrency community has been abuzz with speculation about the future of XRP as it approaches a potential breakout after an extended period of price consolidation. Notably, popular crypto analyst “Egrag Crypto” has ignited excitement among XRP enthusiasts with a bold prediction of an impending surge in value. In a recent tweet, Egrag Crypto noted […]

2024-9-26 00:37


XRP Price: Crypto Analyst Sounds Urgent Warning, Here’s Why

A crypto analyst has warned crypto investors against trading XRP, stating that investors have missed the opportunity to make gains from the cryptocurrency. Analyst Advocates Against XRP Trading A prominent X (formerly Twitter) crypto analyst, IncomeSharks released a post on Tuesday, advising crypto investors to avoid trading XRP. The statement came as a surprise to […]

2023-10-26 23:00


Why Analysts Think XRP Has The “Worst Looking Chart” in the Crypto Market

XRP’s price rallied overnight and is finally starting to see some of the momentum that has recently been incurred by the rest of the crypto market Despite this, analysts are noting that there are some troubling signs regarding the crypto’s near-term strength As a result of these signs, one analyst is even going so far as to note that XRP has one of the worst charts of all cryptocurrencies He explained that its upwards price […]

2020-7-30 23:00


Despite big partnerships, XRP is the only top 10 crypto to drop year-to-date

XRP, the native cryptocurrency of the XRP Ledger and RippleNet developed by Ripple, is the only top 10 crypto asset to record a drop against the U.S. dollar year-to-date. In the same period, the price of Bitcoin has increased by more than two-fold from below $4,000 to $9,100 and other crypto assets such as Ethereum, […] The post Despite big partnerships, XRP is the only top 10 crypto to drop year-to-date appeared first on CryptoSlate.

2019-11-4 10:49


Crypto Daily Recap: Top Bitcoin and Blockchain News For Today November 14th [VIDEO]

Can Connection Between Cryptos And Stocks Hurt the Financial Industry World Wide? Can Connection Between Cryptos And Stocks Hurt the Financial Industry World Wide? XRP Coin Price Grows Amid New Ripple Product Interoperability Despite Slumping Crypto Market XRP Coin Price Grows Amid New Ripple Product Interoperability Despite Slumping Crypto Market Bitcoin Investors and Traders Are […]

2018-11-15 05:33


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Top 3 cryptocurrencies to buy for 5x gains by January 2025

As 2024 comes to an end, crypto investors are realigning their investments targeting top cryptocurrencies to buy for significant gains by January 2025. The urge stems from the renewed optimism around cryptocurrencies with the incoming pro-crypto Donald Trump administration.

Crypto wrap: BTC, ETH, XRP bounce as Horizen (ZEN) spikes 60%

The crypto market witnessed the sharpest declines in months as Bitcoin crashed to lows of $92k on December 20, 2024. However, the flagship cryptocurrency was back at $97k at the time of writing. Meanwhile, Horizen price led top gainers as Ethereum and XRP flipped positive after crashing to key support levels. Per market data from […]

Bithumb faces temporary XRP withdrawal delays as volume increases

Crypto market freefall causes Ripple withdrawal delays on Bithumb. One of the major cryptocurrency exchanges in South Korea, Bithumb, has formally announced that withdrawals of XRP are taking longer than planned because of an unexpected spike in transaction volume. In…

SEC To Approve XRP And Solana Joint ETF? Analyst Says Yes

Analysts from Bloomberg have a positive outlook that a score of cryptocurrency-based exchange-traded funds or ETF would get approval from the US Securities and Exchange Commission (SEC) in 2025. Related Reading: Bitcoin Soars Past $106,000 For A New ATH — What’s Driving The Frenzy? Crypto investors might have a lot of options next year when […]