Ripple Gets Green Light From FCA to Scale Crypto Payments in the UK

In brief

  • Ripple received approval through its UK subsidiary to scale its payments operations in the UK.
  • The firm notes the UK is a “core” piece of its global strategy moving forward.
  • The approval comes ahead of new crypto regulations expected to commence in 2027 in the UK.

Crypto payments firm Ripple was granted permission from the UK’s Financial Conduct Authority (FCA) to scale its payments platform in the country, the firm announced on Friday. 

The FCA approved the firm’s Cryptoasset Registration and Electronic Money Institution (EMI) license, enabling companies in the UK to use its services for cross-border payments with digital assets. 

“Extending Ripple’s licensing portfolio and payments solution is about more than just…

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