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.Â
Rippleâs Regulatory Triumphđ
Last week, the Ripple team made a major announcement celebrating the addition of Ripple Markets to the Central Bank of Irelandâs Virtual Asset Service Providers (VASP).Â
With this approval, Ripple gains the green light to provide digital asset services in Ireland. The endorsement will list Rippleâs Irish subsidiary, Ripple Markets Ireland Limited, in the Central Bank of Ireland VASP portfolio.
Additionally, the approval stands as a testament to Rippleâs 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.Â
Commemorating Rippleâs newest expansion success, SVP, of Strategic Initiatives at Ripple, Eric Van Miltenburg stated that the addition of Ripple Markets into Ireland would effectively boost Rippleâs exposure and innovative capabilities. He also disclosed that the approval would enable Rippleâs vision towards refining the virtual assets industry.Â
âThe Central Bank of Irelandâs 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 Rippleâs to operate, reinforcing our decision to select Ireland as our primary base for EU regulation,â
#RIPPLE #XRP #XRPARMY #XRPIreland
Disclaimer : #DYOR