XRP receives Irish license
A sunny morning in Dublin: Ripple (XRP) employees enter their office in the heart of the Irish capital. But on this day something is different. News that has the potential to change the company’s fortunes in Europe has made the rounds – XRP has received the coveted Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland (CBI).
XRP receives Irish license
The scene is reminiscent of last year when Ripple opened its Dublin office. Back then, the ambitions were clear: Europe in sight, regulatory requirements in mind. Now, a year later, the success is tangible. The CBI has awarded the VASP license after an in-depth registration process, particularly in relation to money laundering and terrorist financing, as announced via X (formerly Twitter) .
For Eric van Miltenburg, Chief Operating Officer of Ripple (XRP), this step is a milestone. The company has not only successfully overcome the regulatory hurdles, but also strengthens trust in the digital ecosystem in Ireland and the entire EU. The license opens up the opportunity for Ripple to offer a wide range of digital asset services in Ireland.
Is Ripple now conquering Europe?
Looking to the future, XRP plans to offer its services in the European Economic Area, especially when the European Union’s proposed MiCA regulation comes into force next year. This regulatory framework allows companies to operate in 27 EU member states with a single license and could therefore serve as a blueprint for other crypto companies.
The day ends as it began – in the office in Dublin. But now the employees of Ripple (XRP) are not only in a vibrant city. But also in a newly conquered regulatory environment. The view of the future is optimistic. And the approval in Ireland could serve as a catalyst for further expansion of Ripple in Europe.
