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Ripple Markets UK Ltd, the company’s local subsidiary, has secured registration with the country’s Financial Conduct Authority (FCA) in recognition that it meets its money laundering regulations.<\/p>\n
Consequently, the Brad Garlinghouse-led firm will now be able to conduct certain crypto-related activities in the United Kingdom.<\/p>\n
Ripple Markets UK Ltd’s appearance<\/a> on the FCA’s register automatically means that the entity complies with local money laundering and counter-terrorist financing rules. However, the actual approval is not a full financial services authorization, reads the website’s fine print.<\/p>\n With this development, Ripple continues to expand its footprint across different global regions, including in Europe. Just a month ago, CryptoPotato<\/em> reported<\/a> that the company had secured its first banking partnership in the Old Continent with the Swiss-based AMINA Bank AG.<\/p>\n Both parties plan to support near-real-time cross-border payments for the bank’s clients using Ripple Payments.<\/p>\n The post Ripple Notches Major Regulatory Victory From the UK’s FCA: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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