mlawson71 Posted November 18, 2020 Report Share Posted November 18, 2020 Ripple, which is based in the US city of San Francisco, announced that they will establish regional headquarters in the Dubai International Financial Center (DIFC), a special economic zone. The CEO of Ripple has recently been saying that the company should move away from San Francisco to another location, where the clarity on cryptocurrency and blockchain technology is more transparent. This led to the current announcement. According to Ripple’s official statement the DIFC was chosen because regulatory structure that is innovative and also has the reputation of being one of the global financial hubs. Source Crypto companies lately seem to be trying to leave the US, I think Binance also found that jurisdiction to be quite inhospitable. Link to comment Share on other sites More sharing options...
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