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The UAE aims to attract $500 million in tech investments and 300 international firms through its NextGen FDI initiative, launched in July 2022. The program has already welcomed over 90 companies, including Coinbase and Qualcomm, and focuses on sectors like AI, fintech, and sustainability.Dr. Thani bin Ahmed Al Zeyoudi emphasized the initiative's role in enhancing competitiveness and economic development, while Schneider Electric has joined as a strategic partner to support sustainability efforts and connect startups with local opportunities.
Ripple and the U.S. SEC have decided to suspend their appeals as they pursue a settlement. This development marks a significant step in their ongoing legal battle, potentially paving the way for a resolution in the contentious case.
Ripple is set to acquire Hidden Road, a prime brokerage firm, marking a significant move in the financial sector. This acquisition is expected to enhance Ripple's offerings and strengthen its position in the market. The deal reflects Ripple's ongoing strategy to expand its influence in the financial services industry.
Ripple has agreed to acquire prime brokerage firm Hidden Road for $1.25 billion, marking its largest acquisition to date. Founded in 2018, Hidden Road provides essential services across various asset classes and clears over $3 trillion annually for more than 300 institutional clients. The deal, pending regulatory approval, is expected to close by Q3 2025, with Ripple planning to integrate its RLUSD stablecoin as collateral within Hidden Road’s offerings.
Ripple has secured full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the UAE, becoming the first blockchain payments provider in the Dubai International Financial Center (DIFC). This license enables Ripple to deliver secure blockchain-based payment solutions, catering to the rising demand for efficient financial transactions in the region. The company is also collaborating with the Central Bank of the UAE to comply with upcoming stablecoin regulations, further enhancing its presence in the MENA fintech market.
Ripple's CEO hailed the SEC's recent reversal regarding XRP as a significant victory for the cryptocurrency industry. This decision is seen as a pivotal moment that could influence the regulatory landscape and bolster confidence in digital assets.
Ripple has secured a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the Dubai International Financial Centre (DIFC), marking its first license in the Middle East. This approval allows UAE businesses to utilize Ripple’s blockchain-based payment system, reflecting the region's growing demand for efficient cross-border solutions. CEO Brad Garlinghouse emphasized the UAE's supportive environment for tech and crypto innovation, which positions it well for future growth.
Ripple has secured a license from the Dubai Financial Services Authority (DFSA) to offer regulated cryptocurrency payment services in the Dubai International Financial Centre (DIFC), becoming the first blockchain-enabled payments provider licensed by the DFSA. This approval allows Ripple to expand its blockchain-based payment solutions to businesses across the UAE, enhancing its regional presence since establishing its Middle East headquarters in 2020. Additionally, Ripple launched its USD-denominated stablecoin, RLUSD, in December 2024, further solidifying its commitment to regulatory compliance and innovation in the digital asset space.
Ripple has obtained a license to provide crypto payment services in the UAE, marking a significant step in its expansion within the Middle Eastern market. This development underscores the growing acceptance and integration of cryptocurrency in the region's financial landscape.
Ripple executives criticized the SEC for refusing to delay its appeal filing, despite a leadership change set for January 20. Chief legal officer Stuart Alderoty expressed confidence in Ripple's position, while CEO Brad Garlinghouse suggested potential shifts in the SEC's crypto enforcement under new leadership. The ongoing case, stemming from a 2020 lawsuit, will head to appellate court following a judge's ruling that XRP does not necessarily qualify as a security.
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UAE aims for 500 million dollars in tech investment through NextGen FDI initiative
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