U.S. blockchain payments company Ripple Labs Inc. has demonstrated significant progress in its global expansion after securing an important operating license in Dubai.
The company announced, it has received approval in principle from the Dubai Financial Services Authority (DFSA), allowing it to expand its services from the Dubai International Financial Centre (DIFC).
Dubai is quite a valuable crypto hub and serves as a major gateway to the Middle East. As Ripple has already established a payment network in the MENA region, this new license will allow the company to effectively deploy its payment solutions to a variety of clients and users.
In addition to enhancing cross-border business opportunities, this license represents Ripple Labs’ commitment to compliance in various jurisdictions.
With the new licensing approval in Dubai, Ripple Labs aims to establish a regional headquarters there, confident that its operations can thrive in the region’s transparent regulatory framework.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.