Dubai - Ripple, a leading digital asset infrastructure provider, has announced that it has received preliminary approval from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). The approval is a significant milestone that significantly strengthens Ripple’s global presence as a regulated entity and enables it to offer seamless cross-border payment services, including Ripple Payments Direct, in the UAE.
Under the DFSA license, Ripple is set to expand its enterprise digital asset infrastructure to a wider customer base in the UAE. This expansion is in line with its vision to provide businesses with faster, more efficient and cost-effective cross-border payment solutions by combining strong regulatory compliance with continued investments in critical infrastructure components including liquidity, best-in-class custody solutions, and gateways between fiat and digital assets.
Ripple CEO Brad Garlinghouse has stressed that blockchain and cryptocurrencies are here to stay. He added: “Thanks to its forward-looking regulatory approach and clear guidance for innovative companies seeking to expand their investments,$XRP
Hong Kong Moves to Regulate Cryptocurrencies Amid Rising Fraud AI Summary According to the O’Daily, Hong Kong Legislative Council Member Ng Kit Chuang recently discussed the government’s submission of the Stablecoin Bill for the first and second readings. The bill aims to create a regulatory framework for issuers of fiat-backed stablecoins. Ng expressed optimism about the integration of the virtual and real economies through cryptocurrencies, highlighting the launch of the city’s first spot Bitcoin and Ethereum exchange-traded funds this year. He hopes the government will continue to improve the legal framework to facilitate the growth of the crypto industry while managing risks. Ng believes that a well-developed industry is crucial to strengthening Hong Kong’s position as an international financial and innovation hub.
According to the O’Daily, Hong Kong Legislative Council member Ng Kit Chuang recently discussed the government’s submission of the Stablecoin Bill for first and second readings. The bill aims to create a regulatory framework for issuers of fiat-backed stablecoins. Ng expressed optimism about the integration of the virtual and real economies through cryptocurrencies, highlighting the launch of the city’s first spot Bitcoin and Ethereum ETFs this year. He hopes the government will continue to improve the legal framework to facilitate the growth of the crypto industry while managing risks. Ng believes that a well-developed industry is crucial to strengthening Hong Kong’s position as an international financial and innovation hub. #MarketRebund $BTC $ETH
Impossible because it is from the third class and its quantities are large... Its price will certainly be less than a dollar and often less than half a dollar as well.
2100 Crypto Crypto
--
What do you expect BIO to reach, God willing? Is it possible to be like VANA?
Binance Labs Invests in Usual to Transform Stablecoins Through Community-Driven Innovation
Invests in Usual to transform stablecoins through community-driven innovation Artificial Intelligence Summary Binance Labs has announced its investment in Usual, a decentralized stablecoin issuer backed by real-world assets (RWAs), to drive innovation and redefine the stablecoin landscape. Through its $USUAL token, Usual empowers its community by redistributing value and ownership, promoting a decentralized and fair financial model.
CryptoQuant CEO Says Bitcoin Could Pay Off US Debt AI Summary According to PANews, CryptoQuant founder and CEO Ki Young Ju expressed on the X platform that it is entirely possible to use Bitcoin to pay off the US debt if there is a consensus on Bitcoin’s status. He noted that the only risk is that long-standing Bitcoin holders will sell their assets to undermine the US. However, he questioned whether these holders would actually sell if the US government continues to accumulate Bitcoin until 2050 and its price continues to rise#RideTheKaiaWave $BTC