Ripple Seeks Regulatory Nod, Applies For Crypto License In The UK

ARfter securing a major legal triumph against the US Securities and Exchange Commission (SEC), Ripple, the blockchain payments firm, is now focusing on its expansion plans in Europe.

Ripple’s move to apply for registration with the Financial Conduct Authority (FCA) and seek a payment institution license in Ireland further underscores the company’s commitment to responsibly navigating and embracing the regulatory landscape.

Recently, a judge in the United States ruled in favor of Ripple, stating that the company’s sales of the cryptocurrency XRP do not qualify as investment contracts. This was a significant legal success for Ripple.

This landmark decision sparked a staggering 60% surge in XRP’s value within a week, signifying that crypto-