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Ripple announced on March 13 that it has secured regulatory approval from the Dubai Financial Services Authority to offer blockchain-powered payment services in the Dubai International Financial Centre (DIFC). The company shared the news on social media platform X: Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC. This milestone marks Ripple’s first license in the Middle East, reinforcing its commitment to regulatory compliance and financial innovation in the region. Brad Garlinghouse, Ripple’s CEO, highlighted the broader impact of the approval: “We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption.” He emphasized that the UAE’s proactive approach to crypto regulation makes it a key market for blockchain expansion. The license positions Ripple to address inefficiencies in cross-border payments, such as high fees, slow processing times, and lack of transparency. With the UAE serving as a $400 billion hub for international trade, demand for faster and more cost-effective financial solutions continues to grow. A 2024 survey by Ripple found that 64% of finance leaders in the Middle East and Africa (MEA) consider faster settlement times to be the biggest advantage of blockchain-based payments. His Excellency Arif Amiri, CEO of DIFC Authority, welcomed the announcement: We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license that makes them the first blockchain-enabled payments provider in DIFC. He stated that this move highlights DIFC’s commitment to innovation and strengthens Dubai’s role as a global financial hub. Ripple established its Middle East headquarters in DIFC in 2020 and has steadily expanded its presence, with 20% of its global customers now based in the region. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, described the DFSA approval as a “major milestone” that will enable the company to better serve its growing client base. Ripple now holds over 60 regulatory approvals worldwide, including licenses from financial authorities in Singapore, Ireland, and the United States. With its regulatory strategy focused on compliance and collaboration, Ripple continues to advance its mission of integrating blockchain technology into the global financial system. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

Circle Internet Group, Inc. intends to bring Hashnote’s Tokenized Money Market Fund (TMMF) under its existing Digital Assets Business Act (DABA) license issued by the Bermuda Monetary Authority (BMA), according to a March 13 announcement. The move would position USYC, Hashnote’s $1 billion tokenized treasury fund, under Circle’s regulatory framework in Bermuda. Circle, which secured a comprehensive BMA license in 2021 through its Bermuda subsidiary, said it aims to integrate USYC with its USDC stablecoin. The integration would enable direct access between USYC’s yield-bearing collateral and USDC, potentially broadening the fund’s use in crypto trading and institutional finance. USYC held nearly $1 billion in assets as of March 13, 2025, making it the largest tokenized treasury product globally. The Bermuda Premier, David Burt, cited the partnership as evidence of the jurisdiction’s appeal to fintech firms. Bermuda’s regulatory clarity has attracted companies seeking compliant pathways for digital asset services, he noted. Circle CEO Jeremy Allaire called Bermuda a “natural choice” for overseeing USYC, citing the BMA’s focus on transparency in crypto markets. Hashnote’s USYC is currently unavailable to U.S. persons under Regulation S of the Securities Act of 1933. Circle did not specify a timeline for the licensing transition but emphasized collaboration with the BMA to finalize operational details. The announcement coincides with Circle’s scheduled participation in Bermuda’s inaugural Digital Finance Forum this spring, where it will discuss blockchain-based financial infrastructure. Dante Disparte, Circle’s Chief Strategy Officer, stated the company would leverage Bermuda’s reputation as a hub for “underwritten financial innovations” to scale USYC’s adoption. Circle, the second-largest stablecoin issuer globally behind Tether, has increasingly focused on regulated crypto products. It’s USDC stablecoin, pegged 1:1 to the U.S. dollar, circulates over $58 billion as of March 2025. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

Cross-chain transactions are broken—bridges are costly, slow, and risky. But what if all chains could verify transactions with a single proof? That’s exactly what Avail Nexus is building—a ZK-powered interoperability hub. Here’s how it changes everything 🧵

So, what exactly is Avail Nexus? In a nutshell, Avail Nexus is a ZK-powered interoperability hub that allows chains to verify transactions with a single proof. It aggregates and verifies proofs from multiple chains, enabling seamless cross-chain execution while reducing costs, complexity, and security risks.

John E. Deaton, a leading cryptocurrency advocate, recently celebrated his involvement in the now-historic SEC vs. Ripple’s XRP case. He proudly recalled how, three years prior, he had confidently predicted that Judge Torres would rule XRP was not a security. That foresight proved accurate when the judge ruled decisively in Ripple’s favor, citing Deaton’s compelling legal brief and affidavits. Deaton took on the SEC despite his significant holdings in Bitcoin, driven by a commitment to fair market competition. He passionately argued against government overreach in dictating winners and losers within the crypto sector. This landmark decision reaffirmed the importance of decentralization and equitable regulation, igniting discussions about its wide-ranging implications for the entire crypto space. The ruling in the XRP case signals a significant shift in the regulatory sphere for digital assets. It directly challenged the SEC’s contentious approach to cryptocurrency classification and underscored the pressing need for clearer, more transparent regulatory frameworks – a need that feels particularly acute in today’s uncertain market. This decision not only benefited XRP but also set a precedent for other digital assets under scrutiny. Market participants are now optimistic that the ruling could influence future cases and lead to a more transparent approach from regulators. Related: Crypto Market Crash: Bitcoin Dumps as Trump’s “Strategic Reserve” Backfires Despite pro-crypto moves from President Donald Trump, Bitcoin’s price has continued to slide. On Monday, Bitcoin fell below $78,000, reaching its lowest point since Trump’s election victory. The cryptocurrency has dropped 28% from its record high of $109,000 in January. Other digital assets, including Ethereum and XRP, have also faced downward pressure, reflecting broader concerns in the market. Trump initially fueled optimism in the crypto sector by pledging to make the U.S. the global hub for digital assets. His administration recently announced the establishment of a strategic Bitcoin reserve. However, this move has not been enough to counteract negative market sentiment. Investors remain wary due to macroeconomic uncertainty and concerns over Trump’s unpredictable trade policies. Market analysts suggest that the recent equity market downturn has further exacerbated the crypto sell-off. Last week, the Trump administration announced the creation of a strategic Bitcoin reserve, a move designed to reinforce Bitcoin’s role as a digital store of value. However, the market response has been lukewarm. Many investors had hoped for a more proactive accumulation strategy rather than merely transferring seized assets into the reserve. The lack of immediate large-scale government purchases has dampened enthusiasm, leading to a reassessment of expectations. Related: Bitcoin Nation Reserve Race: Who’s Next After the US? The reserve currently holds an estimated 200,000 bitcoins, valued at over $17 billion. David Sacks, Trump’s crypto advisor, clarified that while the government will not sell Bitcoin from the reserve, it has no immediate plans to acquire more beyond those obtained through forfeiture proceedings. This restrained stance has left some market participants frustrated, especially those who had hoped for a stronger government endorsement of Bitcoin accumulation. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.