UAE Central Bank approves Web3 insurance solutions

The UAE Central Bank approved Web3 insurance solutions from Relm Insurance and Liva Insurance, aimed at covering risks in digital assets and blockchain technology. The products, SIGMAWEB3 and SIGMAWEB3 VARA, highlight the UAE’s innovative regulatory approach.

Currently, XRP is trading at 2.14 USD with a market cap of 124 billion USD. As it faces resistance near 2.18 USD, traders are watching for potential breakout patterns amid ongoing price consolidation.

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