Ripple Receives the Greenlight from Central Bank of Ireland
Ripple has announced that it has been officially listed on the Central Bank of Ireland’s Virtual Asset Service Providers Register.
Cementing its commitment to regulatory compliance, the Central Bank has included the blockchain-based payment protocol in its approved list of Virtual Asset Service Providers.
Marks Ripple’s Presence in Ireland
According to a recent report, this move marks Ripple’s presence in Ireland’s evolving digital asset landscape, presenting opportunities for collaboration and market growth.
However, by securing a place on the Central Bank’s register, Ripple showcases its dedication to transparency and adherence to regulatory standards, instilling confidence among users and investors.
Meanwhile, this development highlights Ripple’s global impact and proactive approach to regulatory frameworks. Additionally, it contributes to a secure and compliant ecosystem for users.
At the time of publication, Ripple’s native token, XRP, price stands at $0.61.
Read more: Everything You Need To Know About Ripple vs SEC
XRP Price Chart 1 Month. Source: BeInCryptoOpportunities Ahead for Ripple
Ireland’s rise as a fintech innovation hub combined with Ripple’s inclusion in the register solidifies its role in shaping the future of digital finance globally.
Meanwhile, the listing is anticipated to boost Ripple’s credibility. Additionally, attract institutional interest, and foster partnerships with financial entities seeking reliable virtual asset service providers.
However, in the ever-evolving regulatory landscape of the crypto space, Ripple’s engagement with regulatory authorities positions it as a responsible industry participant.
Read more: How to Buy Ripple (XRP) in Four Easy Steps – A Beginner’s Guide
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions , Privacy Policy , and Disclaimers have been updated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sei Research Initiative Aims to Overcome EVM Limitations
Sei Labs and the Sei Foundation launch the Sei Research Initiative to address Ethereum Virtual Machine limitations, enhancing scalability and decentralization.
US Elections Propel $2.2B Inflows into Digital Assets, Bitcoin (BTC) Leads
The recent US elections have sparked $2.2 billion in inflows into digital assets, with Bitcoin and Ethereum witnessing significant activity, according to CoinShares.
Reimagining EVM Storage: Addressing Key Blockchain Challenges
Explore innovative solutions to optimize the Ethereum Virtual Machine (EVM) storage layer, tackling state bloat and high gas costs through advanced data structures and blockchain strategies.
Ethereum Opens Applications for Next Billion Fellowship Cohort 5
Ethereum is now accepting applications for the Next Billion Fellowship Cohort 5, a program designed to leverage blockchain technology for solving real-world challenges.