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 seem to be finding the US increasingly inhospitable, I wonder how long that will last.
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 seem to be finding the US increasingly inhospitable, I wonder how long that will last.
