DIFC reaches fintech milestone

Saudi finance ministry warns against cryptocurrencies

The Dubai International Financial Centre (DIFC) has grown the number of registered fintech firms by threefold since December 2018 to over 100 fintech firms. These include Islamic fintech firms such as Wethaq, which received an innovation testing license this year. The number of companies in the DIFC’s fintech ecosystem more than doubled in the last six months to 200 from 80.

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