Ripple, the company supporting XRP, announced that it has obtained a VASP license in a European country. As part of another official recognition for crypto businesses outside the United States, the Central Bank of Ireland (CBI) added Ripple, the company supporting XRP, to the registered Virtual Asset Service Providers (VASPs) list. According to the company’s statement, the central bank added the Irish subsidiary Ripple Markets Ireland Limited to the existing list of VASPs. MiCA laws in the European Union pave the way for the regulation of virtual asset providers operating in the region. The company has been operating in the country with an office based in Dublin since 2022.
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