In short
- Ripple has received approval through its UK subsidiary to scale up its payments business in the UK.
- The company notes that Britain is a “core part” of its global strategy for the future.
- The approval comes ahead of new crypto regulations expected to start in Britain in 2027.
Crypto payments company Ripple has received approval from the UK’s Financial Conduct Authority (FCA) to scale up its payments platform in the country, the company announced on Friday.
The FCA has approved the company’s Cryptoasset Registration and Electronic Money Institution (EMI) license, allowing UK businesses to use its services for cross-border digital asset payments.
“Expanding Ripple’s licensing portfolio and payments solution is about more than just efficiency; it’s about unlocking trillions in dormant capital and realizing a world where value changes instantly,” Ripple President Monica Long said in a statement.
“We are thrilled to see Britain embracing the compliant infrastructure needed to make this vision a reality,” she added.
The company’s approval comes a day after the FCA shared this new details about required permissions for companies looking to conduct regulated crypto asset activities in the country when the new regulations start in 2027.
Based on the proposed legislation, all crypto companies will do so come under full supervision of the FCAmaking them subject to the same regulations as consumer protection and market conduct standards that other financial products in the country must comply with.
To meet these standards, all firms, even those that may have some registrations with the FCA, will need to reapply for approval ahead of the new regulatory regime. Applications are expected to open in September.
Ripple’s approval from the FCA through its subsidiary Ripple Markets UK LTD “underlines the company’s deep and ongoing commitment to Britain,” the company said in a statement, noting that Britain is at the “core” of its global strategy.
The company’s London office is the largest outside the United States and has committed more than $6.6 million to British universities through its University Blockchain Research Initiative.
“The UK has a well-deserved reputation for high regulatory standards. The FCA’s rigorous approach to compliance reflects Ripple’s commitment to regulatory compliance,” Ripple Managing Director of UK & Europe Cassie Craddock said in a statement.
“Securing approvals from the FCA is a pivotal moment for Ripple, allowing us to deliver vital digital asset infrastructure to UK businesses,” she added. “We have seen in other jurisdictions how regulatory clarity drives adoption, and Britain is poised to benefit.”
Regulatory approval in early 2026 in Britain continues a trend of regulatory wins for the company, which saw years of battle with the SEC came to a conclusion in the US last year.
The Ripple-linked XRP is up around 1% over the past 24 hours, and the prominent crypto token is up over 11% over the past week to recently change hands at $2.13.
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