Search results for Iceland
Crypto
EU MiCA rules drive crypto firms\' exodus to Dubai
With the European Union\'s MiCA crypto rules set to take effect on July 1, unlicensed crypto firms and exchanges risk losing eligibility to serve European customers. That has accelerated moves by European crypto companies to consider entering the United Arab Emirates, especially Dubai. Legal consultations on setting up UAE entities and securing licences are rising, with many inquiries from Europe. Major exchanges also face pressure, while licensed rivals offer incentives to attract users.
Crypto
Banks are already prepared, Ripple sees signals of wider crypto adoption
Traditional financial institutions recognise the benefits of digital assets but still face high hurdles at the adoption stage, a Ripple executive said. Cassie Craddock, who leads Ripple’s European expansion, said banks and financial institutions want to use the benefits of cryptocurrencies in a simpler way and are seeking partnerships with experienced firms in the young crypto industry. Ripple is accelerating its expansion in Europe, including staffing, custody operations and licence efforts, she said.
Games & Commerce
Pearl Abyss sells entire stake in CCP
Pearl Abyss is selling its entire stake in CCP, a game developer and an overseas subsidiary, to CCP’s current management as it seeks to improve its financial structure and boost management efficiency. The company said its Iceland unit will sell 10,973,763 shares. The disposal value is 177.1 billion won, or 15.4 percent of consolidated assets. The figure includes $100 million in cash and token acquisition rights worth $20 million.
