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Ripple Labs is rapidly expanding its role in the Middle East’s fintech ecosystem. The company held high-level talks with United Arab Emirates (UAE) officials at the Dubai Fintech Summit this week. The central theme of the discussions was to boost digital payment infrastructure and accelerate blockchain-driven financial innovation. Ripple President Monica Long led the company’s delegation, who emphasized the company’s growing commitment to the region. This latest meeting signals Ripple’s long-term investment in the UAE’s fast-evolving digital economy. Since establishing its Dubai office in 2020, Ripple has consistently expanded its footprint in the Middle East. The region now makes up nearly 20% of Ripple’s global customer base. The UAE’s proactive stance on digital assets has notably made it a preferred destination for leading blockchain firms. Dubai’s robust regulatory framework and its strong support for innovation continue to attract international technology leaders, including Ripple. Related: Ripple Stresses Political Engagement as Key to Crypto Progress Ripple’s engagement with the Dubai International Financial Centre (DIFC) has been key to its regional growth. Last year, Ripple joined hands with the DIFC Innovation Hub, a platform hosting over 1,000 startups, venture capital firms, and regulators. This partnership focuses on helping early-stage companies adopt blockchain and crypto technologies. Brad Garlinghouse, Ripple’s CEO, has consistently underlined the importance of the UAE in Ripple’s global strategy. He believes the region’s forward-thinking policies offer the perfect ground for XRPL’s broader adoption. In a major regulatory breakthrough, Ripple recently received a license from the Dubai Financial Services Authority (DFSA). This license enables Ripple to offer regulated blockchain payment services across the UAE. This regulatory win consequently allows Ripple to access a trade corridor estimated to be worth $400 billion. Businesses operating in the region can now utilize Ripple Payments for efficient and seamless cross-border transactions, benefiting from enhanced security and regulatory compliance. Related: SEC and Ripple Strike Settlement: What’s Inside the New Deal? Moreover, this regulatory win strengthens Ripple’s case as a global payments leader. It also paves the way for greater adoption of RLUSD, Ripple’s stablecoin, in the region’s payment infrastructure. Besides improving efficiency, the move aligns with the UAE’s broader goals of becoming a digital financial powerhouse. 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.

Dubai’s stealing the crypto spotlight! 🌟 @EowynChen of @TrustWallet says US/EU funds are flocking to the UAE for regulatory clarity, building a new hub for innovation.

2/ Last year, Blockworks acquired @nlw's podcast and newsletter as part of our goal to create a trusted hub for macro analysis across crypto and finance. We already had an army of loyal readers of @bgilliam1982’s daily crypto musings, and adding in NLW’s crypto curious audience

A new report shows Crypto Valley’s five-year compound growth rate hit 18.8%, with Zug remaining the hub of Switzerland’s 1,749 blockchain firms. Crypto Valley, the blockchain hub covering Switzerland and Liechtenstein, has grown by 132% since 2020 and now includes 1,749 active companies, according to the latest CV VC Crypto Valley Company & Industry Report shared with crypto.news. The report shows that the number of blockchain firms in Zug grew 14% over the past year, bringing its share to over 40% of all web3 companies. Zürich is next with 15%, while regions like Ticino, Geneva, and Luzern are also seeing steady growth. Mathias Ruch, chief executive of CV VC, says the latest figures “highlight how Crypto Valley maintains its leading role in the global blockchain sector,” adding that “over the past five years, Crypto Valley has weathered global challenges, evolved, and diversified while growing at a CAGR of 18.8%.” Infrastructure and financial services are the largest sectors in Crypto Valley, accounting for 20% and 18% of firms respectively, followed by consulting and advisory at 17%. Commenting on the report’s findings, Heinz Tännler, president of the Swiss Blockchain Federation, said the data “proves that the Swiss blockchain industry is not only nationally relevant but also of global strategic importance.” Legal structures are also shifting. While most firms are still corporations or LLCs, associations and foundations made up over 20% of new filings in 2024.

Kazakhstan is pushing forward with plans to modernize its energy system through digital mining and expand crypto trading beyond the Astana International Financial Centre economic zone. In an op-ed published in Kazakhstanskaya Pravda, Kanysh Tuleushin, First Vice Minister of Digital Development, Innovation and Aerospace Industry, outlined the government’s strategy to use digital mining to upgrade the country’s energy infrastructure and improve efficiency. Under a proposed “70/30” model, foreign investors would fund upgrades to thermal power stations, with 70% of the new energy output directed to the national grid and 30% allocated for mining operations. Tuleushin noted that this model mirrors practices in the United States, where crypto miners help balance the power grid by consuming excess electricity during periods of low demand. He believes Kazakhstan can adopt a similar approach, positioning mining farms as a tool to stabilize and support the energy system. He also proposed using associated petroleum gas, a byproduct of oil production often flared or wasted, to generate electricity for mining farms. This would reduce environmental impact and create new revenue streams for oil producers. According to Tuleushin, digital mining has contributed $34.6 million in tax revenue over the past three years. Since 2023, Kazakhstan has registered over 415,000 pieces of mining equipment, issued 84 licenses, and accredited five mining pools, with the sector continuing to grow. Alongside its mining plans, Kazakhstan is also considering a nationwide expansion of crypto trading regulations, which are currently restricted to the AIFC—a special economic zone with an independent legal framework. Crypto trading volume at AIFC exchanges grew from $324.2 million in 2023 to $1.4 billion in 2024. However, experts estimate that the total digital asset transaction volume in Kazakhstan reached $4.1 billion in 2023, with 91.5% occurring outside the scope of regulation. “… if all restrictions were lifted and digital asset trading was allowed across Kazakhstan, the impact could be significant. Flexible rules would attract major players, as we saw in the UAE. Kazakhstan might become Central Asia’s crypto hub, competing with Uzbekistan and Kyrgyzstan, which have also embraced the market. Legalizing the gray zone would bring billions of tenge into the budget. For example, just a 10% tax could generate more than 190 billion tenge per year ($372.9 million), enough to construct dozens of new schools and hospitals from scratch,” the minister stated. To that end, Tuleushin proposed the introduction of flexible crypto trading rules outside the AIFC. He said the Ministry of Digital Development is currently working on proposals to establish transparent crypto exchanges and ATMs. However, implementation would require coordination with the National Bank and the Financial Market Regulation Agency. Additionally, Kazakhstan is currently gearing up to expand the use of the digital tenge , which was designed to enable full traceability of public spending. The CBDC pilot project has issued 250 billion digital tenge to date, using unique digital tags to track expenditure.