The post Ripple Executive Reacts to BlackRock’s First Abu Dhabi Board Meeting appeared on BitcoinEthereumNews.com. High-level engagement Ripple’s history in the MENA region  BlackRock, one of the world’s largest asset managers, held its first board meeting in Abu Dhabi.  This shows that the financial behemoth is increasingly focused on the UAE and the broader Middle East, according to Ripple’s Reece Merrick.  The executive has implied that BlackRock’s increased focus in Abu Dhabi could create more avenues for Ripple’s business.  High-level engagement The meeting included UAE royalty and BlackRock CEO Larry Fink.  It focused on such areas as artificial intelligence (AI), advanced technologies, and reshaping global investments.  Abu Dhabi is clearly positioning itself as a global hub for innovation and finance, which aligns with Ripple’s strategy to expand in the region. Ripple’s history in the MENA region  Ripple has long seen the Middle East and North Africa (MENA) as a key region because of its large remittance corridors.  By 2021, RippleNet had already demonstrated strong transaction volume growth in the region.  The company also went on to establish its Middle East & Africa (MEA) regional office in Dubai International Financial Centre (DIFC).  In 2023, Ripple deepened its commitment by expanding its physical presence in Dubai and even bringing its annual “Swell” event to the city. Ripple also partnered with the DIFC Innovation Hub.  In March 2025, the San Francisco-headquartered company received a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the DIFC.  Source: https://u.today/ripple-executive-reacts-to-blackrocks-first-abu-dhabi-board-meetingThe post Ripple Executive Reacts to BlackRock’s First Abu Dhabi Board Meeting appeared on BitcoinEthereumNews.com. High-level engagement Ripple’s history in the MENA region  BlackRock, one of the world’s largest asset managers, held its first board meeting in Abu Dhabi.  This shows that the financial behemoth is increasingly focused on the UAE and the broader Middle East, according to Ripple’s Reece Merrick.  The executive has implied that BlackRock’s increased focus in Abu Dhabi could create more avenues for Ripple’s business.  High-level engagement The meeting included UAE royalty and BlackRock CEO Larry Fink.  It focused on such areas as artificial intelligence (AI), advanced technologies, and reshaping global investments.  Abu Dhabi is clearly positioning itself as a global hub for innovation and finance, which aligns with Ripple’s strategy to expand in the region. Ripple’s history in the MENA region  Ripple has long seen the Middle East and North Africa (MENA) as a key region because of its large remittance corridors.  By 2021, RippleNet had already demonstrated strong transaction volume growth in the region.  The company also went on to establish its Middle East & Africa (MEA) regional office in Dubai International Financial Centre (DIFC).  In 2023, Ripple deepened its commitment by expanding its physical presence in Dubai and even bringing its annual “Swell” event to the city. Ripple also partnered with the DIFC Innovation Hub.  In March 2025, the San Francisco-headquartered company received a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the DIFC.  Source: https://u.today/ripple-executive-reacts-to-blackrocks-first-abu-dhabi-board-meeting

Ripple Executive Reacts to BlackRock’s First Abu Dhabi Board Meeting

2025/11/24 15:03
  • High-level engagement
  • Ripple’s history in the MENA region 

BlackRock, one of the world’s largest asset managers, held its first board meeting in Abu Dhabi. 

This shows that the financial behemoth is increasingly focused on the UAE and the broader Middle East, according to Ripple’s Reece Merrick. 

The executive has implied that BlackRock’s increased focus in Abu Dhabi could create more avenues for Ripple’s business. 

High-level engagement

The meeting included UAE royalty and BlackRock CEO Larry Fink. 

It focused on such areas as artificial intelligence (AI), advanced technologies, and reshaping global investments. 

Abu Dhabi is clearly positioning itself as a global hub for innovation and finance, which aligns with Ripple’s strategy to expand in the region.

Ripple’s history in the MENA region 

Ripple has long seen the Middle East and North Africa (MENA) as a key region because of its large remittance corridors. 

By 2021, RippleNet had already demonstrated strong transaction volume growth in the region. 

The company also went on to establish its Middle East & Africa (MEA) regional office in Dubai International Financial Centre (DIFC). 

In 2023, Ripple deepened its commitment by expanding its physical presence in Dubai and even bringing its annual “Swell” event to the city.

Ripple also partnered with the DIFC Innovation Hub. 

In March 2025, the San Francisco-headquartered company received a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the DIFC. 

Source: https://u.today/ripple-executive-reacts-to-blackrocks-first-abu-dhabi-board-meeting

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OFAC Designates Two Iranian Finance Facilitators For Crypto Shadow Banking

OFAC Designates Two Iranian Finance Facilitators For Crypto Shadow Banking

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Iranian financial facilitators for coordinating over $100 million worth of cryptocurrency in oil sales for the Iranian government, a September 16 press release shows. OFAC Sanctions Iranian Nationals According to the Tuesday press release, Iranian nationals Alireza Derakhshan and Arash Estaki Alivand “used a network of front companies in multiple foreign jurisdictions” to transfer the digital assets. OFAC alleges that Alivand and Derakhshan’s transfers also involved the sale of Iranian oil that benefited Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Ministry of Defense and Armed Forces Logistics (MODAFL). IRGC-QF and MODAFL then used the proceeds to support regional proxy terrorist organizations and strengthen their advanced weapons systems, including ballistic missiles. U.S. officials say the move targets shadow banking in the region, where illicit financial actors use overseas money laundering and digital assets to evade sanctions. “Iranian entities rely on shadow banking networks to evade sanctions and move millions through the international financial system,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence John K. Hurley. “Under President Trump’s leadership, we will continue to disrupt these key financial streams that fund Iran’s weapons programs and malign activities in the Middle East and beyond,” he continued. Dozens Designated In Shadow Banking Scandal Both Alivand and Derakhshan have been designated “for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of the IRGC-QF.” In addition to Alivand and Derakhshan, OFAC has sanctioned more than a dozen Hong Kong and United Arab Emirates-based entities and individuals tied to the network. According to the press release, the sanctioned entities may face civil or criminal penalties imposed as a result
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