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Crypto

Revolut receives in-principle approval for crypto services from UAE authorities

Revolut has received in-principle approval to provide cryptocurrency-related services in the United Arab Emirates. Cointelegraph reported that Dubai’s Virtual Assets Regulatory Authority approved Revolut in principle to offer broker-dealer, investment management and exchange services. Revolut said the approval builds on earlier authorisation for payment activities from the UAE central bank and provides a basis to expand its local crypto business. It plans to enable UAE users to buy, sell and hold digital assets through its app and the Revolut X exchange.

Crypto

July 4 deadline wavers, XRP rally and the fate of the Clarity Act

Crypto markets this week weighed hopes for an XRP rebound against data showing a sharp drop in XRP Ledger activity. Uncertainty also rose over whether the U.S. Clarity Act can be handled by the July 4 Independence Day target, keeping regulatory doubts in focus. Bitcoin stayed rangebound and broader fund rotation into altcoins remained limited. Ripple executives highlighted on-chain settlement as a strategy, while analysts debated key XRP price levels and scenarios.

Crypto

Bitso expands cooperation with Ripple, launches peso-pegged stablecoin MXNB on XRP Ledger

Bitso will issue the Mexican peso-pegged stablecoin MXNB on the XRP Ledger and use it with Ripple’s RLUSD stablecoin for corporate cross-border settlement between the United States and Mexico. The move extends the companies’ payments cooperation in Latin America onto an XRP Ledger-based framework. MXNB will link to Ripple DEX-based payments infrastructure and integrate with a permissioned XRP Ledger DEX accessible only to verified participants.