Ripple has received in-principle approval from the Dubai Financial Services Authority (DFSA) for a financial services license, allowing the company to advance toward offering cross-border crypto payment services in the UAE.
This approval is a key step toward gaining a full license to operate in the Dubai International Financial Center (DIFC), a special economic zone. Once fully licensed, Ripple plans to provide seamless fiat and digital asset payment services, strengthening its regulated global presence.
Ripple aims to use Dubai as a strategic hub to access growing markets in the Middle East, Africa, and South Asia, supported by the region's progressive regulatory framework. However, Dubai’s regulators have recently mandated stricter marketing disclaimers for companies promoting crypto investments in the UAE.
