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XRP approved by Dubaiâs Financial Services Authority
The XRP token now stands to benefit from legal and regulatory clarity in the DIFC, according to the announcement. The XRP token has been approved by the Dubai Financial Services Authority (DFSA), allowing firms in the Dubai International Financial Centre (DIFC) to incorporate the cryptocurrency into their virtual asset services, Ripple Labs, the San Francisco-based payments firm announced Thursday. Fast Facts! â
XRPâs approval will enable institutions located in the DIFC to use the cryptocurrency for global value transfers, Ripple said in a press release. â
XRP joins Bitcoin, Ether and Litecoin as cryptocurrencies approved by the DFSA. â
âDubai continues to demonstrate global leadership when it comes to the regulation of virtual assets and nurturing innovation,â said Brad Garlinghouse, the chief executive officer of Ripple. âRipple will continue to double down on its presence in Dubai and we look forward to continuing to work closely with regulators to realize cryptoâs full potential.â â
Rippleâs RippleNet is a currency exchange network for cross-border payments that uses XRP. Ripple scored a partial victory in its lawsuit against the U.S. Securities and Exchange Commission in July when U.S. District Court Judge Analisa Torres ruled that Rippleâs XRP sales to institutional investors violated securities laws, but sales on public exchanges to retail investors did not. â
Rippleâs flagship event, Ripple Swell, is set to begin in Dubai on Nov. 8, aiming to bring together influential voices from the financial and regulatory industries. The DIFCâs chief operating officer, Alya Al Zarouni, will take the main stage during the event. $XRP #RippleXRP #DubaiCrypto #DIFC #crypto2023
XRP Now Available in 72 Countries With Combined GDP of over $8 Trillion
XRP may now be available in up to 72 countries within the MEASA (Middle East, Africa, and South Asia) region following its recent regulatory approval by Dubai within the DIFC.
The Crypto Basic recently disclosed that the Dubai Financial Services Authority (DFSA), the independent financial services regulatory body in the Dubai International Financial Center (DIFC), approved XRP under its digital asset regime.
The approval would give licensed crypto-focused companies operating within the DIFC the liberty to offer all forms of crypto-related services for XRP, including trading, lending, and others.Â
According to the announcement, XRP became the first crypto asset the regulatory agency granted legal and regulatory approval from an external application under its crypto asset regime within the DIFC. XRP joins other digital assets such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), but these did not get approved through an external application.
Significance of the DevelopmentÂ
Interestingly, recent discoveries confirmed that the development is more pivotal than most enthusiasts initially believed. The DIFCâs role as a leading financial center is not limited to Dubai or the UAE but extends its influence across a vast area, reaching the entire MEASA region.
Information from its official platform suggests that the DIFC has served as a central point for various financial activities, making it one of the primary destinations for businesses, investors, and financial institutions in the MEASA region for over two decades.
For context, the Middle East, Africa, and South Asia (MEASA) region encompasses up to 72 countries, including major players like India, Saudi Arabia, UAE, Israel, Turkey, Egypt, and Qatar. The MEASA region boasts a combined nominal GDP of over $8 Trillion, per recent estimates.
The DIFC has been instrumental in facilitating trade and investment within the MEASA region. It plays a vital role in linking investors and businesses from MEASA to the rest of the world. As a result, XRPâs regulatory clarity in the financial hub opens the doors for multiple opportunities in the 72 countries within MEASA.
Three years back, Ripple established its MENA (Middle East and North Africa) headquarters within the DIFC upon recognizing the potential opportunities that could come from operating within the hub. XRPâs entrance further solidifies its footing in the center.
Notably, XRP already secures regulatory clarity in some countries within the MEASA region with favorable crypto rules. Nonetheless, the recent approval from the DIFC could help bolster its prominence in the region, exposing it to several MEASA companies domiciled in the DIFC.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ripple's #XRPglobal $XRP
The Crypto Basic recently disclosed that the Dubai Financial Services Authority (DFSA), the independent financial services regulatory body in the Dubai International Financial Center (DIFC), approved XRP under its digital asset regime.
The approval would give licensed crypto-focused companies operating within the DIFC the liberty to offer all forms of crypto-related services for XRP, including trading, lending, and others.Â
According to the announcement, XRP became the first crypto asset the regulatory agency granted legal and regulatory approval from an external application under its crypto asset regime within the DIFC. XRP joins other digital assets such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), but these did not get approved through an external application.
Significance of the DevelopmentÂ
Interestingly, recent discoveries confirmed that the development is more pivotal than most enthusiasts initially believed. The DIFCâs role as a leading financial center is not limited to Dubai or the UAE but extends its influence across a vast area, reaching the entire MEASA region.
Information from its official platform suggests that the DIFC has served as a central point for various financial activities, making it one of the primary destinations for businesses, investors, and financial institutions in the MEASA region for over two decades.
For context, the Middle East, Africa, and South Asia (MEASA) region encompasses up to 72 countries, including major players like India, Saudi Arabia, UAE, Israel, Turkey, Egypt, and Qatar. The MEASA region boasts a combined nominal GDP of over $8 Trillion, per recent estimates.
The DIFC has been instrumental in facilitating trade and investment within the MEASA region. It plays a vital role in linking investors and businesses from MEASA to the rest of the world. As a result, XRPâs regulatory clarity in the financial hub opens the doors for multiple opportunities in the 72 countries within MEASA.
Three years back, Ripple established its MENA (Middle East and North Africa) headquarters within the DIFC upon recognizing the potential opportunities that could come from operating within the hub. XRPâs entrance further solidifies its footing in the center.
Notably, XRP already secures regulatory clarity in some countries within the MEASA region with favorable crypto rules. Nonetheless, the recent approval from the DIFC could help bolster its prominence in the region, exposing it to several MEASA companies domiciled in the DIFC.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ripple's #XRPglobal $XRP
đ„đ„đ„ XRP Price prediction by AI, based on last 10 years price action data. đ„đ„đ„
Based on the last 10 years of XRP price action data, the following are some potential price predictions for the next few years:
2023: $0.72 - $0.90
2024: $1.20 - $1.50
2025: $2.00 - $2.50
2026: $3.00 - $3.50
2030: $5.00 - $10.00
These predictions are based on a combination of factors, including:
Technical analysis: XRP has been trending upwards in recent months, and its technical indicators suggest that this trend could continue in the near future.
Adoption: XRP is one of the most widely adopted cryptocurrencies in the world, and its adoption is continuing to grow.
Utility: XRP has a number of real-world use cases, including cross-border payments and supply chain management.
Market sentiment: Market sentiment towards XRP is generally positive, and this could help to drive up prices in the future.
*** It is important to note that these are just predictions, and the actual price of XRP could go up or down depending on a variety of factors. However, the long-term outlook for XRP is positive, and it is possible that it could reach $10 or more in the next few years.
$XRP #XRPPriceTargets #XRPglobal #BinanceSquareViral #BinanceSquarePost #BinanceSquare
Based on the last 10 years of XRP price action data, the following are some potential price predictions for the next few years:
2023: $0.72 - $0.90
2024: $1.20 - $1.50
2025: $2.00 - $2.50
2026: $3.00 - $3.50
2030: $5.00 - $10.00
These predictions are based on a combination of factors, including:
Technical analysis: XRP has been trending upwards in recent months, and its technical indicators suggest that this trend could continue in the near future.
Adoption: XRP is one of the most widely adopted cryptocurrencies in the world, and its adoption is continuing to grow.
Utility: XRP has a number of real-world use cases, including cross-border payments and supply chain management.
Market sentiment: Market sentiment towards XRP is generally positive, and this could help to drive up prices in the future.
*** It is important to note that these are just predictions, and the actual price of XRP could go up or down depending on a variety of factors. However, the long-term outlook for XRP is positive, and it is possible that it could reach $10 or more in the next few years.
$XRP #XRPPriceTargets #XRPglobal #BinanceSquareViral #BinanceSquarePost #BinanceSquare
âXRP to Hit $589â: How a Fake Simpsons Screenshot Fooled Ripple Bulls
Several crypto media outlets have reported on an edited Simpsons screenshot predicting that XRP would hit $589 by the end of the year.
*A viral image of Bart Simpson "predicting" XRP's future price action is making the rounds on social media, but the image is not authentic.
*The Simpsons is famous for predicting several notable world events in the show's universe before they would eventually happen in the real world.
*The image dates back to 2020, but never appeared on the FOX animated series.
Although the Simpsons writers dedicated an episode to cryptocurrency in 2020, the XRP price prediction doesnât actually exist.
Ripple Bulls Get Bamboozled
A fake Simpsons screenshot has tricked unassuming Ripple investors.
A still image showing Bart Simpson scrawling âXRP to hit $589+ by EOYâ on his schoolâs chalkboard started making the rounds again on social media this week. However, those sharing the picture have failed to verify its authenticity. Several crypto media outlets, YouTube videos, and Reddit posts have incorrectly cited the fake screenshot as another of the showâs famous predictions.
**XRP Latest Developments: A Bullish Outlook**
The latest developments about XRP are bullish and suggest that XRP could be well-positioned for growth in a bull market. The ruling against the SEC removed a major overhang from the project, and the partnerships with major payment providers will help to increase adoption. The ODL service is also a major development, as it makes it easier for businesses to use XRP to send cross-border payments.
* **Strong team:** Ripple is backed by a strong team with experience in the financial industry.
* **Scalable technology:** The XRP Ledger is a highly scalable blockchain that can handle a large number of transactions per second.
* **Global reach:** Ripple has a global reach and partnerships with financial institutions in over 100 countries.
#TheSimpsons #xrp #XRPglobal #XRPFuture #Ripple
$XRP
Several crypto media outlets have reported on an edited Simpsons screenshot predicting that XRP would hit $589 by the end of the year.
*A viral image of Bart Simpson "predicting" XRP's future price action is making the rounds on social media, but the image is not authentic.
*The Simpsons is famous for predicting several notable world events in the show's universe before they would eventually happen in the real world.
*The image dates back to 2020, but never appeared on the FOX animated series.
Although the Simpsons writers dedicated an episode to cryptocurrency in 2020, the XRP price prediction doesnât actually exist.
Ripple Bulls Get Bamboozled
A fake Simpsons screenshot has tricked unassuming Ripple investors.
A still image showing Bart Simpson scrawling âXRP to hit $589+ by EOYâ on his schoolâs chalkboard started making the rounds again on social media this week. However, those sharing the picture have failed to verify its authenticity. Several crypto media outlets, YouTube videos, and Reddit posts have incorrectly cited the fake screenshot as another of the showâs famous predictions.
**XRP Latest Developments: A Bullish Outlook**
The latest developments about XRP are bullish and suggest that XRP could be well-positioned for growth in a bull market. The ruling against the SEC removed a major overhang from the project, and the partnerships with major payment providers will help to increase adoption. The ODL service is also a major development, as it makes it easier for businesses to use XRP to send cross-border payments.
* **Strong team:** Ripple is backed by a strong team with experience in the financial industry.
* **Scalable technology:** The XRP Ledger is a highly scalable blockchain that can handle a large number of transactions per second.
* **Global reach:** Ripple has a global reach and partnerships with financial institutions in over 100 countries.
#TheSimpsons #xrp #XRPglobal #XRPFuture #Ripple
$XRP
