Ripple obtains approval in the United Kingdom, but will need to reapply under the new crypto regulations in 2026

Source: Yellow Original Title: Ripple Gains Approval in the UK but Will Need to Reapply Under New Crypto Regulations in 2026

Original Link: Ripple, the UK subsidiary of XRP, received registration on Friday from the Financial Conduct Authority under anti-money laundering regulations.

The registration allows certain cryptocurrency activities but does not constitute full authorization for financial services.

What happened

Ripple Markets UK Ltd. obtained approval under the Money Laundering Regulations that have governed cryptocurrency companies since 2020.

The UK will open a new licensing pathway for cryptocurrencies in September 2026, before the comprehensive regulations come into effect on October 25, 2027.

All companies currently registered under anti-money laundering rules will need to apply for new authorization under the Financial Services and Markets Act.

The FCA explicitly stated that existing registrations will not automatically transfer, so all crypto firms will need to obtain new approvals.

Why it matters

XRP was trading near $2.10 on Friday, while the token tested critical support levels following the regulatory announcement.

Open interest in futures fell to $4.150 billion from $4.550 billion on Tuesday, indicating a cooling of retail demand despite XRP ETFs recording nearly $9 million in inflows on Thursday, after outflows of $41 million on Wednesday.

Ripple’s registration demonstrates the company’s commitment to operating in regulated markets following its prolonged legal battle with the U.S. Securities and Exchange Commission.

The timing highlights a critical transition as the UK moves from basic anti-money laundering oversight to comprehensive financial services regulation.

Companies that do not meet the September 2026 application deadline will face restrictions on launching new products during the transition periods.