Ripple (XRP) has started to turn its attention to non-US countries due to its ongoing lawsuit with the US Securities and Exchange Commission (SEC).
According to a report by CNBC today, Ripple, a US-based crypto payment platform, is trying to access the European market. Ireland in the Republic seeks regulatory approval.
General Counsel of the Company Stuart Alderoty He told CNBC that Ripple has a virtual asset service provider (VASP) that you want to obtain the license and Europe union (EU) said it already has two employees in its member countries. In Alderoty’s statement, these two countries France and Sweden transferred as
Although it is not known how Ripple’s ongoing lawsuit in the USA will result, it seems that measures are already being taken by the company. The following statements are included in the continuation of Alderoty’s statements:
Essentially, although we still have a large number of employees in the US, all of their customers and revenues come from outside the US. After obtaining the Irish license, we want to “passport” Ripple’s services across Europe.
Crypto firms are choosing to enter the EU, as their progress in regulating the industry and uncertainties are beginning to fade. If nothing goes wrong and the flow continues according to plan. MiCA legislation February 2023 It will be voted on by the authorities.