Ripple currency continues its impressive successes by obtaining official recognition from the Dubai International Financial Center as one of the digital assets authorized for use. This was preceded by important developments in terms of its work within the United States, as Ripple currency was identified as the only digital asset recognized that - legally - it cannot be considered Financial securities, as confirmed by the ruling issued by Judge Analisa Torres on July 13 last year.

Ripple's focus on the Emirate of Dubai comes as it is an important center that is considered a living representation of its proactive approach to overcoming regulatory challenges. This strategic shift emerges against the backdrop of the operational obstacles that the company faced within the United States, which encouraged it to explore new global regions.Ripple chooses the Dubai International Financial Center as its headquarters in the Middle East and North Africa region, citing its favorable regulatory environment and financial technology system.In a move described as smart, in 2020, Ripple chose the Dubai International Financial Center (DIFC) to be its headquarters in the Middle East and North Africa (MENA). Perhaps what encouraged the company to make this decision was the appropriate regulatory arena provided by the Emirate of Dubai, as it provided frameworks It has advanced regulation, in addition to providing a wide transaction network, and we must not forget its reputation for embracing the financial sector and supporting its growth.In addition to its continued expansion in the Middle East and North Africa region, Ripple’s active efforts to obtain operating licenses in various countries around the world have not stopped, including obtaining a license as a Major Payment Institution (MPI) from the Monetary Authority of Singapore (MAS), in addition to continuing its efforts to It is working hard to obtain business licenses within the United Kingdom and Ireland, in confirmation of its endeavor to fully comply with regulatory laws and adhere to its goal of enhancing its global growth.