Ripple approved to enter the UK market, FCA confirms anti-money laundering compliance

【ChainNews】Ripple has taken another step forward in its regulatory journey in the UK. In the recently updated registration list by the UK Financial Conduct Authority (FCA), Ripple’s UK subsidiary, Ripple Markets UK Ltd., has officially completed registration. What does this mean? Simply put, Ripple has met the relevant compliance standards required by UK anti-money laundering regulations and also complies with counter-terrorism financing regulations.

However, it must be clarified here—this approval is not a “full license.” FCA registration does not equate to granting Ripple full financial service authorization. It mainly confirms that Ripple has met the UK’s regulatory requirements in anti-money laundering and counter-terrorism financing. In other words, Ripple can now conduct certain specific cryptocurrency-related activities in the UK, but with limitations.

For crypto companies expanding their business globally, such regulatory approval is like a regional pass—each country must be obtained separately. This move by Ripple indicates its ongoing efforts to advance global compliance.