Ripple's Crypto License Application and XRP's Future: Key Developments
Ripple has applied for registration as a crypto asset firm with the UK's Financial Conduct Authority (FCA) and is seeking a payments license in Ireland. This move comes after Ripple's partial win against the US SEC regarding the classification of its XRP token. More crypto firms are turning to the UK for regulatory clarity and a supportive business environment, as the country has introduced laws to establish a crypto-regulated environment.