- Ripple (XRP) gains approval from the Dubai Financial Services Authority for use in the Dubai International Financial Centre.
- Toncoin (TON) was also approved, joining BTC, ETH, and LTC in the recognized tokens list.
- Ripple CEO praises Dubai’s pro-innovation stance and plans to focus on regions with clear crypto regulations.
Ripple (XRP), after a victorious court ruling affirming its non-security status, has recently gained approval from a Dubai regulatory body to be used by financial institutions in their transactions, joining BTC, ETH, and LTC, in the list of recognized tokens.
In an X post, Ripple announced that the Dubai Financial Services Authority (DFSA) has approved the use of XRP within the Dubai International Financial Centre (DIFC). This approval allows licensed virtual asset firms within the DIFC, a financial-free zone located in the emirate of Dubai, to incorporate XRP into their services.
Notably, XRP stands out as the first virtual asset to receive approval from the DFSA after they began accepting external applications. Additionally, Toncoin (TON) has secured approval alongside XRP, bringing them into the fold with established cryptocurrencies …
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