• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Ripple

Ripple CEO Weighs In On Company Expansion To Dubai

Mudiaga Iritare
by Mudiaga Iritare
2 years ago
·
Posted in Ripple
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The first day of the 2023 Dubai Fintech Summit kicked off on May 8th and featured Ripple CEO Brad Garlinghouse as a keynote speaker. Garlinghouse made a major announcement during his presentation that caught everyone’s attention.

The CEO, who was present at the Dubai summit to share insights on crypto utilities and stance on regulators, had also taken the opportunity and platform to announce the company’s expansion plans.

Ripple has been in a heated legal battle with the US Securities and Exchange Commission (SEC), having been accused of selling the XRP cryptocurrency in an unregistered security offering. While there have been numerous speculations on the ruling outcome between both parties lately, Brad Garlinghouse has made an expansion announcement which could be a positive development for the company.

Related Reading: Ripple Vs. SEC: Will The Ruling Come By This Unexpected Day?

Ripple CEO Affirms Company Expansion In Dubai

A few hours ago, Brad Garlinghouse took to his official Twitter handle to reiterate his announcement regarding the Ripple – Dubai expansion while speaking at the Fintech Summit. The official tweet shows that the CEO clearly stated that the company “is expanding in Dubai.”

As I just shared on stage at #DubaiFintechSummit, @Ripple is expanding in Dubai. With 20% of our customers based in MENA and clear regulatory regimes being developed, it’s no surprise that Dubai is emerging as a key global financial hub for crypto innovation to thrive. pic.twitter.com/9lWEtYECq7

— Brad Garlinghouse (@bgarlinghouse) May 8, 2023

Garlinghouse had hinted partly at the reasons for expansion to the Middle East as Dubai offers a clearer regulatory regime. He added that with “20% of our customers based in MENA, it is no surprise that Dubai is emerging as a key global financial hub for crypto innovation to thrive”.

The 20% in MENA that Garlinghouse touched on refers to Ripple users and customers in countries in and around the Middle East and North Africa.

Ripple is expanding its operations by opening a new Dubai International Financial Centre (DFIC) office. Additionally, preparations are underway to host the seventh annual customer conference in the capital of the United Arab Emirates (UAE) on November 8th and 9th this year.

Related Reading: Bitcoin Investors Remain Greedy, But Why Are Prices Falling?

Dubai- A Growing Tech Hub For Innovative Crypto Companies

With clear-cut and defined crypto regulations and guidelines, Dubai is on its way to becoming a global hub for tech and crypto companies worldwide. While the news of crackdowns and crypto companies asking for regulation clarity has been a significant headliner, especially from countries such as the US, Dubai has taken the opposite step by creating reasonable guidelines and set rules for crypto operations.

The Dubai government has effectively established the Dubai Virtual Assets Regulatory Authority (VARA), providing regulatory clarity for crypto companies to operate and oversee digital asset trading activities.

VARA, based in Dubai, prioritizes the safety of users who utilize digital asset services provided by cryptocurrency companies. They collaborate with financial regulatory authorities and global experts to effectively mitigate exposure risks and enforce relevant laws.

Per Bloomberg, crypto companies such as CoinBase are also warming up to the idea of an expansion to Dubai and the UAE, as hinted by the CEO of Coinbase, Brian Armstrong, who was present at the panel of the Fintech summit.

At press time, XRP trades at $0.4298 and has experienced a 5.6% decline in today’s trading session.

Ripple

XRP price dips on the daily timeframe | Source : XRPUSD on TradingView.com
Featured Image from Shutterstock, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Mudiaga Iritare

Mudiaga Iritare

Follow

Full Profile

Related Posts

Ripple

Ripple Swell 2025 Is Almost Here: Here’s What To Expect From The Event

4 days ago
Ripple

Pundit Says Ripple Is The New SWIFT — Here’s What Is Driving It

4 days ago
Ripple

Latest RLUSD Stablecoin Could Propel Ripple To Limelight Amid Trillion-Dollar Predictions

1 week ago
Ripple

Did This Federal Reserve Announcement Just Put Ripple In The Ranks Of SWIFT And BRICS?

1 week ago
XRP

Ripple’s RLUSD Takes Center Stage As NYSE-Listed Company Moves $1.5B Through XRP Ledger

1 week ago
XRP

Ripple CTO Declares Blockchains Can Solve Problems Outside Of Cryptocurrencies

2 weeks ago

Premium Sponsors

Press Releases

  • Top 5 Most Profitable ASIC Miners in 2025: ROI Comparison

    10 hours ago
  • Bitget to Transfer 440 Million BGB to Morph Foundation...

    10 hours ago
  • From Institutional to Individual Investors: How XRP and...

    11 hours ago
  • Despite XRP price fluctuations, Mint Miner lets holders...

    11 hours ago
  • CryptoMiningFirm Launches First XRP, BTC Mobile App: Earn...

    13 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.