Ripple Markets UK Ltd., company’s local branch in the UK, is now officially registered with the Financial Conduct Authority. This means they can adopt measures on the anti-money laundering and counter-terrorist financing rules, which lets them do some crypto stuff in the country.
This registration is a pretty big deal, especially since the UK is trying to get its crypto regulations organised. Besides, this fits right in with the goal of making the UK a major player in the digital asset world.
This news comes out while regulators are trying to keep a closer eye on things and not rejecting new ideas. The market didn’t really get too excited, though.
XRP actually dipped a bit after the announcement and is hanging around $2.09. People who watch this stuff think it’s more of a strategic win for Ripple in a big international market than something that’s going to cause a huge price jump right away.
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