Dubai

Ripple, a known blockchain and crypto payment infrastructure provider, gathered a green signal from Dubai’s financial authority, enabling the firm to establish its presence in the UAE.&nbsp;&nbsp;
In an X post dated October 1, 2024, Ripple quoted, “ We’re delighted to have secured in-principle approval of a financial services license from Dubai Financial Services Authority, unlocking our end-to-end managed payments services in the UAE.”
We’re delighted to have secured in-principle approval of a financial services license from Dubai Financial Services Authority, unlocking our end-to-end managed payments services in the UAE. 🌍🇦🇪
Thepress release quotes Brad Garlinghouse, Ripple’s Chief Executive Officer, statement, “Blockchain and crypto technologies are here to stay,” said. “With its forward-thinking regulatory approach and clear guidance for innovative businesses seeking to invest and scale, the UAE is positioning itself as a global leader in this new era of financial technology.” Other Crypto Licensing News&nbsp; 
On October 1, 2024, EA Capital announced that it had secured a Category I license as a Crypto Asset Service Provider (CASP) in South Africa.&nbsp;
Following the approval of the founder and CEO of EA Capital, Ryan Aufrichtigsaid that ”EA Capital ( Pty ) Ltd provides a unique blend of an established traditional international banking team with a long-term market-leading track record and + an experienced &amp; expert crypto/digital asset &amp; blockchain technology team with complementary skills and experience.”&nbsp; 
Today, Binance, the top centralized cryptocurrency exchange, revealed that it has gathered a full Digital Asset Trading Facility (DATF) license from Astana Financial Services Authority (AFSA).
Tokocrypto, an Indonesian crypto asset trader acquired by Binance in December 2022, has secured a Physical Crypto Asset Trader (PFAK) license from the Commodity Futures Trading Regulatory Agency (Bappebti).&nbsp; Other Crypto Market News&nbsp; 
<a href="https://news.todayq.com/robinhood-enters-european-crypto-market-with-transfer-services/" target="_blank" rel="noopener noreferrer nofollow">Todayq </a>reported on October 01, 2024, a whale allegedly lost over $32.4 million in a scam by Inferno Drainer. The whale’s wallet was emptied due to a dangerous transaction, resulting in losses of over a thousand in cryptocurrency tokens.
Hong Kong, the Securities and Futures Commission (SFC) of Hong Kong has approved ZA Bank to offer Type 1 regulated activity in the region. The information further notes, “The bank will actively prepare for relevant sandbox testing.”
On September 27, 2024, the U.S Securities and Exchange Commission (SEC) gave a green signal to the Bank of New York Mellon Corp for crypto custody above Exchange Traded Funds. Crypto Market Price Updates&nbsp; 
As of September 30, 2024, the daily total net inflow of the Bitcoin ETFs was $61.30 million, with a cumulative total net inflow of $18.86 billion. IBIT by BlackRock mirrored the highest inflow of $72.15 million, followed by FBTC with an inflow of $8.23 million.&nbsp;
SoSoValue data states that Ether spot ETF in the United States bled, mirroring an outflow of $822.29k; despite outflow in all ETFs, the ETHA by BlackRock saw an inflow of $10.99 million.&nbsp;
At the time of writing, the cryptocurrency market capitalization was at $2.26 trillion, surging 0.79% intraday; at the same time, the fear and greed index was at 48, determining neutrality.&nbsp;
Fantom rules the intraday gainer’s list as it surged 11.30%, reaching $0.761, and Bonk reached $0.00002574, adding 10.18% and growing 44.02% in a week.&nbsp;
Until its publication, Bitcoin was trading at $63,830, with an intraday trading volume of $32 billion, which surged by nearly 22%. With the highest trading price, it dominates around 57.17% of the border market.&nbsp;

Ripple Secures UAE Financial License from Dubai Authority

Todayq News

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