Ripple Subsidiary Joins Central Bank of Ireland’s VASP Register

DUBLIN – , a major player in the blockchain and digital payment sector, has reached an important milestone in its European expansion efforts. Ripple Markets Ireland Limited, a subsidiary of Ripple, has been officially registered with the Central Bank of Ireland as a Virtual Asset Services Provider (VASP). This development is a key part of Ripple’s strategy to expand its services within the European Economic Area (EEA) and comes at a time when the company is preparing for the upcoming Markets in Crypto-Assets (MiCA) regulation. , which is expected to come into effect by the end of 2024.

Ripple’s subsidiary registration allows the company to operate and offer digital asset services in Ireland, with the potential to expand its reach across the entire EEA. Ripple’s Dublin office, established as part of its broader European strategy, will serve as a hub for its operations in the region. The recognition from the Central Bank of Ireland places Ripple in a favorable position as it navigates the evolving regulatory landscape surrounding digital assets in Europe.

With this registration, Ripple is poised to capitalize on the growing demand for digital payment solutions and blockchain technology in Europe. The Company’s proactive approach to complying with anticipated regulations such as MiCA demonstrates its commitment to adhering to legal standards and fostering a stable environment for cryptocurrency operations across the continent.