Dubai regulator approves XRP, TON
The Dubai Financial Services Authority (DFSA), the financial regulator of the special economic zone, Dubai International Financial Centre, has approved TonCoin (TON) and XRP. The two now join Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). This approval means that financial institutions in the Dubai International Financial Center can now conduct transactions with these tokens. Ripple opened its Middle East and North Africa headquarters in DIFC last year, and about 20% of its customers are in this region, according to the company. “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.” Brad Garlinghouse, Ripple CEO In February 2023, the Regulation on Virtual Assets and Related Activities came into force in Dubai, which finally regulated the Virtual Asset Service Provider(VASP) licensing process and clarified asp