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Ripple Expands into Dubai Despite Ongoing SEC Battle

Despite its ongoing battle with the Securities and Exchange Commission (SEC), Ripple is expanding into Dubai. CEO Brad Garlinghouse announced the move during the Dubai Fintech Summit, citing recent regulatory developments and the region's consumer base as reasons for the expansion. Ripple will open a new office in the Dubai International Financial Centre and host its annual customer conference in the UAE capital in November. Dubai's Virtual Assets Regulatory Authority has published a rulebook for regulating the crypto industry, with companies required to obtain a mandatory license.

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