Ripple #XRP Just Bagged Another Victory To End 2023 In Style.

Global payments network Ripple has secured a major victory by obtaining official regulatory approval to provide crypto services in Ireland from the Central Bank of Ireland. 

Ripple’s Regulatory Triumph🚀

Last week, the Ripple team made a major announcement celebrating the addition of Ripple Markets to the Central Bank of Ireland’s Virtual Asset Service Providers (VASP). 

With this approval, Ripple gains the green light to provide digital asset services in Ireland. The endorsement will list Ripple’s Irish subsidiary, Ripple Markets Ireland Limited, in the Central Bank of Ireland VASP portfolio.

Additionally, the approval stands as a testament to Ripple’s vision for global expansion and its commitment and compliance with regulatory standards. The regulatory success will also open up opportunities for Ripple to provide certain services to users across the European Economic Areas. 

Commemorating Ripple’s newest expansion success, SVP, of Strategic Initiatives at Ripple, Eric Van Miltenburg stated that the addition of Ripple Markets into Ireland would effectively boost Ripple’s exposure and innovative capabilities. He also disclosed that the approval would enable Ripple’s vision towards refining the virtual assets industry. 

“The Central Bank of Ireland’s addition of Ripple Markets to its list of registered virtual asset service providers is a significant step forward for our business in the region. Ireland has positioned itself as a supportive jurisdiction for the virtual assets industry and consequently as a great place for businesses like Ripple’s to operate, reinforcing our decision to select Ireland as our primary base for EU regulation,”

#RIPPLE #XRP #XRPARMY #XRPIreland

Disclaimer : #DYOR