By Shikha Singh
By Shikha Singh Ripple Secures Dubai License To Offer Crypto Payments In UAE
Blockchain payment provider Ripple received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE). The company announced on March 13 that it had secured its DFSA license, allowing it to operate in the Dubai International Financial Center (DIFC), a UAE free-economic zone with its own tax policies and regulatory framework. The announcement came almost six months after the company announced its receipt of an in-principle approval of the DFSA license.
Rumble Embraces Trump-Era Crypto Strategy With $17mn BTC Purchase
Video-sharing platform Rumble says it had purchased more than $17 million worth of Bitcoin as part of a previously announced investment strategy. In a March 12 notice, Rumble said it had added 188 Bitcoin to its treasury for roughly $17.1 million. The investment, suggested by CEO Chris Pavlovski in November following Donald Trump winning the US presidential election, was touted as a hedge against inflation and part of a broader move to deepen ties to the crypto industry.
Crypto Exchange OKX Secures MiFID II License In Europe
Cryptocurrency exchange OKX has acquired a key European Union license that will enable the company to offer derivatives products throughout the region, potentially opening the door to a more advanced segment of the trading community. In a March 12 announcement, OKX’s Europe CEO, Erald Ghoos, confirmed that the exchange acquired a Markets in Financial Instruments Directive (MiFID II) license. The license will allow OKX to launch derivatives trading products for institutional investors across the EU. The announcement came less than two months after OKX secured a preauthorization under the Markets in Crypto-Assets (MiCA) framework, which allows the exchange to offer localized services across 28 markets within the European Economic Area.
SEC Postpones Ruling On Fidelity Ether ETF Options
The US Securities and Exchange Commission has postponed ruling on whether or not to permit Cboe BZX Exchange to list options tied to asset manager Fidelity’s Ether exchange-traded fund (ETFs). The agency has given itself until May 14 to approve or disapprove of Cboe BZX’s request to list options tied to Fidelity Ethereum Fund (FETH), according to a March 12 SEC filing. Cboe BZX initially requested to list options on Fidelity’s Ether ETFs in January, the filing said. Listing options on Ether funds is an important step in attracting institutional capital to the cryptocurrency.
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