Cryptocurrency payment network Ripple has reached another regulatory milestone in Ireland, with the Central Bank of Ireland (CBI) approving the firm as a virtual asset service provider (VASP).
According to data from the CBI’s VASP register, Ripple can conduct transactions on behalf of another natural or legal person who moves digital assets from one address or account to another.
Ripple is also allowed to provide crypto exchange services against fiat currencies, as well as exchange between different cryptocurrencies and provide custody services, according to the register.