Crypto Infrastructure Firm Ramp Network Secures Ireland Registration

The Irish subsidiary of U.K.-based crypto infrastructure firm Ramp Network has secured a virtual asset services providers (VASP) registration in Ireland, the company said in a press release on Thursday.
The Ramp Network is a financial technology company building payment rails connecting crypto to the global financial system. This registration will enable its users to exchange fiat currencies for more than 100 crypto assets.
The company wants to make Ireland its European headquarters and has established a team and operation in Dublin. It intends to get authorized as a Crypto Asset Service Provider (CASP) under the Markets in Crypto Assets Regulation (MiCA).
To become a licensed CASP under MiCA—the European Union’s bespoke rules for crypto—a company needs to have a registered office in an EU member state where it carries out some of its business and has a resident director.
Many crypto companies like crypto exchange Coinbase have secured a license in Ireland. In October, Coinbase said that it wanted Ireland to be its EU hub because it has a supportive environment for fintech companies.
Crypto exchange Kraken also secured an e-money institution license in Ireland in September, and standard chartered-backed Zodia Market gained registration in Ireland in October.
Edited by Parikshit Mishra.
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.