In a transformative move for both Ripple and the financial landscape of the United Arab Emirates (UAE), the company has received in-principle approval from the Dubai Financial Services Authority (DFSA). This monumental endorsement positions Ripple as the inaugural blockchain-based payment service provider licensed by the DFSA, marking a critical advancement in its mission to innovate
Regulation
The legal confrontation between the Securities and Exchange Commission (SEC) and Ripple Labs keeps evolving, and recent developments ensure that this saga is far from over. On October 2, 2024, the SEC filed an appeal against a federal court decision that had presented a mixed bag of results in its high-profile litigation against Ripple. This
In a significant legal development, the United States Court of Appeals for the District of Columbia Circuit has affirmed the legality of prediction markets that enable betting on U.S. elections. This ruling on October 2 marked a decisive moment for prediction market Kalshi, which had been trapped in a legal battle with the U.S. Commodity
The emergence of distributed ledger technology (DLT) has heralded a new era in financial markets, prompting regulatory bodies to adapt to its transformative potential. In this vein, the UK’s Financial Conduct Authority (FCA) alongside the Bank of England has officially initiated the next phase of the Digital Securities Sandbox (DSS). This initiative is poised to
In a landmark move aimed at bolstering investor protection, Dubai’s Virtual Assets Regulatory Authority (VARA) has rolled out enhanced marketing guidelines for companies engaged in the promotion of digital assets. As of October 1, these regulations will require firms to adopt a more responsible approach in their advertising, confronting the rampant volatility of the cryptocurrency
The world of data protection is becoming increasingly intricate, particularly amid technological advancements that frequently challenge traditional regulatory frameworks. Nowhere is this exemplified better than in South Korea, where the Personal Information Protection Commission (PIPC) recently leveled significant penalties against Worldcoin and its affiliate, Tools for Humanity (TFH). This incident serves as a critical case
In a recent discussion on Fox Business, Cantor Fitzgerald CEO Howard Lutnick put forth a compelling argument advocating for the regulatory recognition of Bitcoin (BTC) as a commodity, akin to gold and oil. Lutnick’s insights come at a time when the digital asset landscape is evolving rapidly, yet regulatory frameworks appear to lag behind. His
In a significant move aimed at reinforcing its position as a premier international financial hub, Hong Kong’s financial regulators are set to implement a standardized over-the-counter (OTC) derivatives reporting framework, including provisions for crypto derivatives. On September 29, 2025, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) will commence the
Cynthia Lummis, a Senator from Wyoming, has sparked a conversation surrounding the potential departure of Gary Gensler from his position as Chairman of the Securities and Exchange Commission (SEC). During a segment on CNBC’s Squawk Box on September 27, Lummis expressed skepticism regarding claims that Gensler enjoys his role and plans to remain in office.
In a notable move on September 27, 2023, the U.S. Securities and Exchange Commission (SEC) settled its charges against the decentralized autonomous organization (DAO) known as Mango Markets, alongside the Blockworks Foundation. This settlement arose in the aftermath of a significant exploit that plagued the Mango Markets platform in 2022, resulting in a staggering loss