The Ripple Solutions Company has confirmed its intention to follow up on the license of markets in encryption assets (MICA) to expand the European Union.
In the messages sent to Cointelegraph, a Ripple spokesman said the company intends to “become compatible with mica” because it recognizes “a great opportunity in the European market.”
The statement follows Ripple’s registration From Ripple Payments EUROPE SA in Luxembourg in late April.
On Tuesday, Ledger’s visions of the media in the industry I mentioned The company has applied for an electronic financial institution license in Luxembourg. Ripple refused to confirm or reject the report, saying only that the company “does not have any updates to submit it currently.”
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Ripple expansion in Europe
Luxembourg appears as a center for encryption companies that seek compliance with MICA. In late June, he exchanged encryption circulating in the United States in general Coinbase got a Mika license From the Luxembourg De Surveillance Du Secteur Committee, it was funded by the region as its headquarters in the European Union.
In mid -May, Crypto Exchange Bitstamp also announced that it had got a file Asset Crypto service license under Mica From the organizers Luxembourg. A similar license detained By Clearstream Banking, Foundation Participate in the European Central Bank of the Central Bank.
Related to: Ripple applies to the American banking license, joining Rush for legitimacy
Another example is Standard Charted, one of the world’s largest banks, which Cleaning services were launched in Europe After obtaining a digital asset license in Luxembourg in early January.
However, the Luxembourg authorities do not seem to see the encryption sector in a particularly lenient. In late May, Luxembourg Virtual asset service providers classified as highly dangerous entrepreneurs In order to launder money in a national review, it highlights concerns about the encryption industry of financial crime.
magazine: It leaves Win XRP Ripple and the industry with no legal coding group
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