Ripple has announced that it has been officially listed on the Central Bank of Ireland’s Virtual Asset Service Providers Register.

Cementing its commitment to regulatory compliance, the Central Bank has included the blockchain-based payment protocol in its approved list of Virtual Asset Service Providers.

Marks Ripple’s Presence in Ireland

According to a recent report, this move marks Ripple’s presence in Ireland’s evolving digital asset landscape, presenting opportunities for collaboration and market growth.

However, by securing a place on the Central Bank’s register, Ripple showcases its dedication to transparency and adherence to regulatory standards, instilling confidence among users and investors.

Meanwhile, this development highlights Ripple’s global impact and proactive approach to regulatory frameworks. Additionally, it contributes to a secure and compliant ecosystem for users.

At the time of publication, Ripple’s native token, XRP, price stands at $0.61.

Read more: Everything You Need To Know About Ripple vs SEC

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Author: Ciaran Lyons

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