Ripple Files for Crypto License in UK

US-based blockchain company Ripple has filed for a licence in the United Kingdom following a partial victory against the US SEC.

Ripple has applied to become registered as a crypto asset company with the United Kingdom's Financial Conduct Authority (FCA). It is also trying to obtain a payments licence in Ireland as part of its regional investment campaign. The move comes in the context of the US SEC cracking down on crypto and blockchain companies, including Binance and Coinbase. 

Ripple is engaged in its own battle against the SEC and has claimed a victory of sorts recently. The company's XRP token was classified as a security only when sold to institutional investors but not retail investors. The ruling is seen as a victory for Ripple and the crypto industry, but it's worth noting that the SEC can still appeal the decision at the time of writing.