Ripple Breaks New Ground: Secures Regulatory Approval for Expansion into Ireland and Europe!

EddieJayonCrypto

 27 Dec 23

tl;dr

Ripple has secured regulatory approval from the Central Bank of Ireland, allowing the company to provide digital asset services in Ireland and across the European Economic Areas. This approval comes amidst a legal battle with the SEC and provides much-needed regulatory clarity for the company's futu...

Ripple has secured regulatory approval from the Central Bank of Ireland, allowing the company to provide digital asset services in Ireland and across the European Economic Areas. This approval comes amidst a legal battle with the SEC and provides much-needed regulatory clarity for the company's future development. Ripple's expansion into Ireland is seen as a significant step forward for the company's business in the region and reinforces Ireland as a supportive jurisdiction for the virtual assets industry.

Last week, the Ripple team celebrated the addition of Ripple Markets to the Central Bank of Ireland’s Virtual Asset Service Providers (VASP). This significant achievement allows Ripple to provide digital asset services in Ireland and reaffirms the company's vision for global expansion. The regulatory approval will open up opportunities for Ripple to offer certain services to users across the European Economic Areas, effectively boosting the company’s exposure and innovative capabilities in the region.

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