Ripple applies for crypto license in the UK

Cost protocol has lately utilized for a registration as a crypto asset agency with the UK’s Monetary Conduct Authority (FCA), a spokesperson for the agency informed Cointelegraph. The corporate can also be looking for a funds license in Eire as a part of its large funding within the area.

The registration was submitted after Ripple’s partial win in opposition to the USA Securities and Alternate Fee over the classification of its XRP (XRP) token as a safety. The choice, considered as a win by Ripple and the broader crypto neighborhood, thought of the XRP token to be a safety when offered to institutional buyers, however to not retail buyers. The case continues to be open to enchantment by the SEC.

Proceed Studying on Coin Telegraph