Altery MENA Limited, a subsidiary of the UK-based fintech Altery Limited, has obtained a regulatory license from the Dubai Financial Services Authority (DFSA). This development was announced in a press release, highlighting Altery’s commitment to expanding its financial services in the MENA region. The acquisition of this license aligns with Altery’s global strategy to establish...
The Financial Services Authority (FSRA), the regulatory arm of Abu Dhabi Global Market (ADGM) located in Abu Dhabi, has announced amendments to its digital asset regulatory framework. These changes are effective immediately, according to a press release from the FSRA. The amendments come after extensive industry engagement and feedback on Consultation Paper No. 11 of...
Nettlestone Capital Advisors has officially launched its operations at the Dubai International Financial Centre (DIFC). The firm is fully authorized and regulated by the Dubai Financial Services Authority (DFSA) and aims to connect specialist investment managers with institutional capital throughout the Middle East. Founded by Edwin Lawrence, who has over two decades of experience in...
Transamerica Life Bermuda, a global high-net-worth life insurer, has officially launched its business in the Dubai International Financial Centre (DIFC) following the approval of its operating license by the Dubai Financial Services Authority (DFSA). This move is part of the company’s strategy to expand its global reach. Adnan Ladki has been appointed as the Head...
Ripple’s stablecoin, RLUSD, has received official approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This announcement was made by Ripple on Tuesday, marking a significant step for the cryptocurrency in the region. The DFSA’s approval allows RLUSD to be utilized by Ripple and other businesses that...
Ripple has announced that its stablecoin, RLUSD, has received approval as a recognized crypto token by the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This approval solidifies RLUSD’s reputation as a trusted, enterprise-grade stablecoin, emphasizing regulatory compliance, utility, and transparency. RLUSD stands out as one of the few...
Ripple Labs, a cryptocurrency company based in San Francisco, has announced its plans to expand operations in the UAE after receiving approval to operate from the Dubai Financial Services Authority (DFSA). The DFSA licensed Ripple in March, marking the company as the first blockchain payments provider to achieve this status in Dubai. Currently, one in...
The Dubai Financial Services Authority (DFSA), which serves as the independent regulator for the Dubai International Financial Centre (DIFC), has officially published its Annual Report for 2024. This report outlines the DFSA’s achievements and the overall performance of the financial sector within the DIFC during the past year. In the report, the DFSA highlighted significant...