FCA approval removes compliance barriers, making Ripple’s payment network easier to adopt at scale. Ripple Payments has processed over $95 billion in volume since its inception. The platform manages end-to-end value flows for businesses and claims to reach 90% of daily foreign exchange markets. This regulatory race occurs as the stablecoin ripple casinos market reaches $298.3 billion globally.
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Speaking at Binance Blockchain Week, Garlinghouse said XRP ETFs raised more than $700 million within weeks of launch. He described the surge as pent-up institutional demand following years of regulatory uncertainty in the U.S. Earlier today, Cryptopolitan reported that the FCA launched a crypto licence portal for crypto companies to apply ahead of the regulatory regime that is scheduled to take effect next year. In December last year, the Financial Conduct Authority (FCA) launched its consultation that will ultimately define how crypto firms operate in Britain. On January 9, Ripple, a cross-border payments network, secured an Electronic Money Institution (EMI) authorization in the UK through its subsidiary, Ripple Markets UK Ltd.
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