Ripple's UK subsidiary, Ripple Markets UK Ltd., has officially been registered and approved by the UK's Financial Conduct Authority (FCA). This means the company has obtained the qualification to legally conduct cryptocurrency-related business in the UK. This move marks Ripple's further development under the European regulatory framework and also reflects the gradual acceptance of compliant crypto enterprises by traditional financial regulators. For Ripple and its XRP ecosystem, this is undoubtedly an important step in expanding its influence in the European market.
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Ripple's UK subsidiary, Ripple Markets UK Ltd., has officially been registered and approved by the UK's Financial Conduct Authority (FCA). This means the company has obtained the qualification to legally conduct cryptocurrency-related business in the UK. This move marks Ripple's further development under the European regulatory framework and also reflects the gradual acceptance of compliant crypto enterprises by traditional financial regulators. For Ripple and its XRP ecosystem, this is undoubtedly an important step in expanding its influence in the European market.