More Ripple Good News: Ripple Seeks Licenses in the UK and Ireland

Posted On July 22, 2023 12:41 pm

Ripple’s recent victory over the U.S. Securities and Exchange Commission (SEC) has caused quite a stir. This success story is not stopping at the borders of the United States though, as Ripple has its sights set on new horizons. The latest move from the company involves expanding its operations into the international market, with the UK and Ireland topping their list of potential expansion zones.

Setting Sights on the UK and Ireland

Ripple’s strategic expansion plan has started to unfold as they apply for operating licenses in both the UK and Ireland. These new territories offer a fresh start, giving Ripple a chance to increase their global footprint and serve a wider customer base. This bold move indicates Ripple’s determination to establish itself as a leader in the global crypto market.

brad ripple

exchange comparison

Why the UK and Ireland?

Both the UK and Ireland present attractive options for Ripple’s expansion due to their progressive regulations regarding digital currencies. These nations have a more welcoming and conducive environment for blockchain-based companies, and thus present a golden opportunity for Ripple to flourish.

How are Cryptocurrencies Taxed in the UK?

The Ripple Effect of the SEC Win

The SEC lawsuit win was a major triumph for Ripple, and it’s clear that the company is keen to leverage this victory to fuel their growth. The positive ripple effect of this win is evident as it has instilled confidence in the company and its investors, paving the way for this ambitious expansion plan.

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