Ripple’s XRP token has gained approval from the Dubai Financial Services Authority (DFSA) under its virtual assets regime. This means that licensed virtual asset firms within the Dubai International Financial Centre (DIFC) area can now make use of XRP. Ripple, which has chosen the DIFC as its Middle East and North Africa (MENA) headquarters, expressed its commitment to expanding in Dubai and working closely with regulators. The DFSA had previously approved Bitcoin, Ethereum, Litecoin, and Toncoin. In related news, Ripple has been selected as the official technology partner for the National Bank of Georgia’s digital lari pilot project. The project will utilize Ripple’s CBDC Platform and the XRP Ledger to explore possible applications for the tokenized version of the Georgian lari. Ripple has also announced pilot programs with governments in Bhutan, Palau, Colombia, Montenegro, and Hong Kong, and is engaging with more than 20 other countries.

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Information	Details
Geography	Middle East
Countries	🇧🇹 🇵🇼 🇨🇴 🇲🇪 🇭🇰
Sentiment	positive
Relevance Score	1
People	Brad Garlinghouse
Companies	XRP Ledger, Ripple, DIFC, National Bank of Georgia, Dubai Financial Services Authority
Currencies	Litecoin, XRP, Toncoin, Ethereum, Bitcoin
Securities	None