The firm plans to expand services in the European Economic Area under MiCA regulations in late 2024.
Additionally, it is seeking registration as a crypto asset firm with the UK’s FCA.
The
Central Bank of Ireland has officially recognized Ripple, the company
behind the cryptocurrency XRP, by including its Irish subsidiary, Ripple
Markets Ireland Limited, in the list of registered Virtual Asset Service
Providers (VASP).
Ireland
Embraces Ripple: Central Bank Approval for VASP Status
Ripple
Markets Ireland Limited will now be authorized to offer specific digital asset
services within Ireland as a registered VASP, according to a statement released
by the company. Moreover, Ripple expressed its intention to extend its services
to clients across the European Economic Area once the Markets in Crypto Assets
Regulation (MiCA) takes effect by the end of 2024.
The
MiCA legislation, established within the European Union, is designed to
regulate virtual asset providers operating in the region. Ripple's strategic
move to register as a VASP aligns with its broader efforts to comply with
regulatory frameworks, especially in the aftermath of the U.S. Securities and Exchange
Commission's lawsuit in December 2020, alleging violations of federal
securities laws.
Contrary
to common perceptions, Ripple has actively pursued expansion in various
jurisdictions outside the United States. The company has been operational in
Ireland since 2022, with its office located in Dublin. Additionally, Ripple is
currently in the process of seeking registration as a crypto asset firm with
the UK’s
Financial Conduct Authority.
Eric
van Miltenburg, a senior executive at Ripple, emphasized the positive impact of
regulatory clarity on the digital assets, payments, and fintech ecosystem. He
stated: "By providing regulatory clarity for the industry, Ireland – and
the EU more broadly – are boosting confidence in the digital assets, payments,
and fintech ecosystem."
Licensing
Advances in Singapore, Dubai, and the US
In
June 2023, Ripple
successfully obtained the Major Payments Institution License application from
Singapore’s central bank, the Monetary Authority of Singapore.
Additionally, the Dubai Financial Services Authority has recently given
its nod for the utilization of XRP tokens within the Dubai International
Financial Centre ecosystem. In the United States, Ripple revealed that
it accomplished the acquisition of the majority of its 35 money transmitter
licenses in the year 2023.
The
Central Bank of Ireland has officially recognized Ripple, the company
behind the cryptocurrency XRP, by including its Irish subsidiary, Ripple
Markets Ireland Limited, in the list of registered Virtual Asset Service
Providers (VASP).
Ireland
Embraces Ripple: Central Bank Approval for VASP Status
Ripple
Markets Ireland Limited will now be authorized to offer specific digital asset
services within Ireland as a registered VASP, according to a statement released
by the company. Moreover, Ripple expressed its intention to extend its services
to clients across the European Economic Area once the Markets in Crypto Assets
Regulation (MiCA) takes effect by the end of 2024.
The
MiCA legislation, established within the European Union, is designed to
regulate virtual asset providers operating in the region. Ripple's strategic
move to register as a VASP aligns with its broader efforts to comply with
regulatory frameworks, especially in the aftermath of the U.S. Securities and Exchange
Commission's lawsuit in December 2020, alleging violations of federal
securities laws.
Contrary
to common perceptions, Ripple has actively pursued expansion in various
jurisdictions outside the United States. The company has been operational in
Ireland since 2022, with its office located in Dublin. Additionally, Ripple is
currently in the process of seeking registration as a crypto asset firm with
the UK’s
Financial Conduct Authority.
Eric
van Miltenburg, a senior executive at Ripple, emphasized the positive impact of
regulatory clarity on the digital assets, payments, and fintech ecosystem. He
stated: "By providing regulatory clarity for the industry, Ireland – and
the EU more broadly – are boosting confidence in the digital assets, payments,
and fintech ecosystem."
Licensing
Advances in Singapore, Dubai, and the US
In
June 2023, Ripple
successfully obtained the Major Payments Institution License application from
Singapore’s central bank, the Monetary Authority of Singapore.
Additionally, the Dubai Financial Services Authority has recently given
its nod for the utilization of XRP tokens within the Dubai International
Financial Centre ecosystem. In the United States, Ripple revealed that
it accomplished the acquisition of the majority of its 35 money transmitter
licenses in the year 2023.
Crypto Prime Broker Illegally Operated in the US: Settles for $1.8 Million
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa