Ripple Gets Registered as Virtual Asset Service Provider in Ireland

The US-based leader in enterprise blockchain and crypto solutions, Ripple, announced on Tuesday (December 19, 2023) that its Irish subsidiary Ripple Markets Ireland Limited (Ripple Markets) has received registration as a Virtual Asset Service Provider with the Central Bank of Ireland.

With this registration, Ripple Markets can delivered certain digital asset services in the region. Beyond that, Ripple is looking to serve customers across the European Economic Area once the Markets in Crypto Assets Regulation (MiCA) takes effect at the end of 2024.

The crypto firm takes Ireland as its primary base for EU regulation.

"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," said Eric van Miltenburg, SVP, Strategic Initiatives. "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."

In July, Ripple has filed for a licence in the United Kingdom​ following a partial victory against the US SEC.