The enterprise blockchain provider Ripple wants to strengthen its presence in the European Union by seeking to secure a virtual asset service provider (VASP) license from Ireland’s central bank.
Ripple’s General Counsel Stuart Alderoty and CEO Brad Garlinghouse also gave their two cents on FTX’s fiasco, arguing that global regulators should impose comprehensive rules on the sector to prevent future adverse events.
Focusing on Europe
In a recent interview for CNBC, Alderoty explained that Ripple no longer relies on the US to extract most of its revenue. As such, it has turned its sight toward Europe and, more specifically, Ireland.
“Essentially, its customers and its revenue are all driven outside of the US, even though we still have a lot of employees inside of the US,” he outlined.
Ripple has already dipped its toes in the Irish market and will try to obtain a VASP from the country’s central bank to “passport” its operations throughout the EU. The entity also intends t
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