Dubai Financial Services Authority Recognizes XRP and TON Tokens for Transactions in DIFC
The Dubai Financial Services Authority (DFSA) has added XRP and Toncoin to its list of recognized tokens, allowing financial institutions in the Dubai International Financial Centre (DIFC) to carry out transactions with them. Ripple, which opened its MENA headquarters in the DIFC in 2020, has praised the move, with CEO Brad Garlinghouse saying it positions Dubai as a leading financial services hub. The DFSA regulates the DIFC alone and has recently instituted regulations on cryptocurrency, with a proposed Digital Assets Law currently in consultation. Dubai's regulators have consistently demonstrated a pro-innovation approach, with the Abu Dhabi Global Market also passing Distributed Ledger Technology (DLT) Foundations Regulations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— Enjoy up to 10% APR and trade to unlock an additional pool of 50,000 USDT
Bitget Spot Margin Announcement on Suspension of SANTOS/USDT, MYRO/USDT, DUSK/USDT, PHB/USDT, ALPINE/USDT Margin Trading Services
CandyBomb x RAVE: Trade futures to share 200,000 RAVE!
Bitget TradFi: Trade gold, forex, and more assets in one account
Trending news
MoreCrypto prices
More
