Ripple, the leader in enterprise blockchain and crypto solutions, today announced that the Central Bank of Ireland has added its Irish subsidiary to its list of registered Virtual Asset Service Providers.
In brief:
- Ripple opened its Dublin office in 2022, recognising that Ireland continues to position itself as a favourable destination for companies building new technologies for financial services.
- Following the registration, Ripple will seek to provide services to clients across the European Economic Area once the Markets in Crypto Assets Regulation comes into force at the end of 2024.
- Ripple continues to prioritise working with regulators around the world in order to bring the benefits of crypto and blockchain technology to enterprises and their customers.
What does this mean?
Eric van Miltenburg, SVP, Strategic Initiatives, said: “The Central Bank of Ireland’s addition of Ripple Markets to its list of registered virtual asset service providers is a significant step forward for our business in the region. Ireland has positioned itself as a supportive jurisdiction for the virtual assets industry and consequently as a great place for businesses like Ripple’s to operate, reinforcing our decision to select Ireland as our primary base for EU regulation. By providing regulatory clarity for the industry, Ireland - and the EU more broadly - are boosting confidence in the digital assets, payments and fintech ecosystem and demonstrating their commitment to the long-term development of these industries.”
