Ripple is pursuing a MiCA license to enhance its presence in the European market. The company has registered in Luxembourg, aligning with regulations to legally offer crypto services across Europe, thereby increasing fiat liquidity flows.
Obtaining regulatory approval, similar to Coinbase’s experience, could enhance institutional confidence in Ripple. Currently, XRP is valued at 2.93 USD, with a market cap of 173.02 billion USD, reflecting a significant rise over recent months.
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