Ripple Expands European Regulatory Footprint; Pakistan Explores Stablecoin for Payments
Ripple Expands European Regulatory Footprint; Pakistan Explores Stablecoin for Payments
Ripple has secured preliminary EMI license approval in Luxembourg, building on its recent FCA authorization in the UK and strengthening its regulatory presence in Europe. Meanwhile, Pakistan has signed an MOU with World Liberty Financial to explore the use of the USD1 stablecoin for cross-border payments.
Ripple's European Regulatory Push
Ripple has secured preliminary EMI license approval in Luxembourg, marking a significant step in its ongoing expansion within the European Union's payments sector. This achievement follows Ripple's recent authorization from the Financial Conduct Authority (FCA) in the United Kingdom, collectively bolstering its regulatory footprint across Europe.
Pakistan Explores Stablecoin for Payments
In a separate development, Pakistan has entered into a Memorandum of Understanding (MOU) with World Liberty Financial. The agreement aims to explore the potential utilization of the USD1 stablecoin for facilitating cross-border payment transactions.