Ripple Gets Green Light From FCA to Scale Crypto Payments in the UK
Ripple has received approval from the UK’s Financial Conduct Authority (FCA) for its Cryptoasset Registration and Electronic Money Institution (EMI) license. This allows Ripple to expand its payments platform for cross-border digital asset transactions in the UK. The approval supports Ripple’s global strategy, as the UK is a key market, and aligns with Ripple’s commitment to regulatory compliance. The FCA’s decision follows new guidelines that all crypto firms must reapply for approval ahead of stricter regulations set for 2027, ensuring the same oversight and consumer protections as other financial products. Ripple’s London office is its largest outside the US, and the company has invested over $6.6 million in UK universities. Ripple’s leadership views this licensing as crucial for providing digital assets infrastructure and fostering adoption amid increasing regulatory clarity. The company’s ongoing expansion comes after resolving legal battles with US regulators, and its Ripple-linked token XRP has shown recent price gains.
