Ripple scores UK regulatory approval via local subsidiary
Ripple has received regulatory approval in the UK through its local subsidiary, allowing it to operate as a registered crypto asset firm. This approval comes from the Financial Conduct Authority (FCA) and enables Ripple to offer its services in compliance with UK regulations. The move is seen as a significant step for Ripple as it expands its operations in Europe. The company aims to enhance its presence in the region, particularly in the growing digital payments market. This approval follows Ripple's ongoing legal battles in the United States, highlighting its efforts to establish a foothold in other jurisdictions.
Read the full article: Coin Telegraph