Browsing: uk regulation

CryptoWire, LONDON: XRP traded lower on Friday following a brief rally sparked by Ripple Labs’ approval from the United Kingdom’s Financial Conduct Authority (FCA). The cryptocurrency, the world’s sixth-largest by market capitalization, fluctuated between $2.08 and $2.15 during the last 24 hours as traders reacted to a mix of regulatory and market developments. Ripple’s FCA registration marks a significant regulatory milestone for the company, allowing it to offer certain crypto-related services under the UK’s financial supervision framework. The approval extends Ripple’s compliance footprint in Europe, where the company continues to position its blockchain technology for cross-border payments and digital asset liquidity solutions. Industry observers have…

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