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Bitcoin
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$104,359.00 0.48864
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Ethereum
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$2,516.25 -0.28857
Ethereum price
BNB
BNB (BNB)
$654.94 -0.05055
BNB price
Solana
Solana (SOL)
$155.11 -0.01881
Solana price
XRP
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$2.17 1.31335
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 2.27483
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Pepe
Pepe (PEPE)
$0.0000116 2.46602
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Bonk
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$0.0000164 3.60119
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dogwifhat
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$0.838866 2.24712
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Popcat
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Bitcoin
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Ethereum
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$2,516.25 -0.28857
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BNB
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$654.94 -0.05055
BNB price
Solana
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$155.11 -0.01881
Solana price
XRP
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$2.17 1.31335
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 2.27483
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 2.46602
Pepe price
Bonk
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$0.0000164 3.60119
Bonk price
dogwifhat
dogwifhat (WIF)
$0.838866 2.24712
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Popcat
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$0.36007 3.55489
Popcat price
Bitcoin
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$104,359.00 0.48864
Bitcoin price
Ethereum
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$2,516.25 -0.28857
Ethereum price
BNB
BNB (BNB)
$654.94 -0.05055
BNB price
Solana
Solana (SOL)
$155.11 -0.01881
Solana price
XRP
XRP (XRP)
$2.17 1.31335
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 2.27483
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 2.46602
Pepe price
Bonk
Bonk (BONK)
$0.0000164 3.60119
Bonk price
dogwifhat
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$0.838866 2.24712
dogwifhat price
Popcat
Popcat (POPCAT)
$0.36007 3.55489
Popcat price

Dubai regulator approves XRP, TON

Dalmas Ngetich
Edited by
News
Dubai regulator approves XRP, TON

The Dubai Financial Services Authority (DFSA), the financial regulator of the special economic zone, Dubai International Financial Centre, has approved TonCoin (TON) and XRP. The two now join Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

This approval means that financial institutions in the Dubai International Financial Center can now conduct transactions with these tokens.

Ripple opened its Middle East and North Africa headquarters in DIFC last year, and about 20% of its customers are in this region, according to the company.

“It’s refreshing to see the DFSA encourage the adoption and use of digital assets such as XRP to position Dubai as a leading financial services hub intent on attracting foreign investment and accelerating economic growth.”

Brad Garlinghouse, Ripple CEO

In February 2023, the Regulation on Virtual Assets and Related Activities came into force in Dubai, which finally regulated the Virtual Asset Service Provider(VASP) licensing process and clarified aspects of AML/CFT and marketing. Sanctions have been established for violation of this legislation.

The DIFC has introduced a licensing regime, with the Dubai Financial Service Authority (DFSA) acting as an independent regulator. 

The approval comes after The Open Network (TON) blockchain set a world record during public testing, completing 104,715 transactions per second (TPS). 

In 22 minutes, the network processed more than 107m transactions, with a peak TPS of 111,498.