Dubai Approves XRP and Toncoin for Use in Financial Free Zone
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XRP and Toncoin (TON) tokens approved for use in Dubai International Financial Centre free trade zone, joining BTC, ETH, and LTC.
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Approval allows over 4,000 companies in zone to carry out transactions with the tokens.
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Ripple opened MENA headquarters in DIFC in 2020, 20% of its customers are in the region.
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Dubai regulators proposing new digital assets law and updated security law focused on digital assets.
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Approval follows Abu Dhabi Global Market's new DLT regulations taking effect Nov 1.