Ramp Network Becomes Fully Licensed CASP, Enabling EU-Wide Crypto Services Under MiCAR

Ramp Swaps, a monetary expertise agency bridging the cryptocurrency ecosystem with world monetary infrastructure and working underneath the Ramp Network model, introduced that it’s now absolutely operational as a Crypto Asset Service Provider (CASP) within the European Union. EU prospects can entry Ramp Network’s companies underneath its authorised CASP licence, which ensures all actions adjust to regulatory requirements outlined within the Markets in Crypto-Assets Regulation (MiCAR) and by the Central Bank of Ireland.

Ramp Network’s MiCAR authorisation serves as a regulatory passport throughout all 27 EU member states, permitting the corporate to supply its on- and off-ramp companies all through the European Union underneath a single, harmonised licence. This approval encompasses the important thing operations that allow Ramp Network to facilitate clean conversions between fiat currencies and digital property, all underneath constant EU regulatory oversight.

“Operating absolutely as a licensed Crypto Asset Service Provider represents a significant milestone in how Ramp Network serves prospects throughout the European Union. EU buyer exercise is now carried out underneath a single regulatory framework, offering clearer guidelines, stronger shopper protections, and higher consistency throughout member states,” mentioned Przemek Kowalczyk, CEO of Ramp Network, in a written assertion. “Built and scaled in Europe, Ramp Network continues to serve the area as a core a part of its long-term technique. Becoming absolutely operational as a CASP displays the maturity of our working mannequin and our readiness to serve EU prospects underneath harmonised regulatory requirements. This step helps our give attention to constructing a sturdy, compliant monetary infrastructure that connects conventional finance with on-chain programs throughout Europe,” he added.

Ramp Network Secures CASP Approval, Enabling Compliant EU Expansion

Founded and developed in Europe, Ramp Network acknowledged that its CASP approval underscores its long-term dedication to the EU market and adherence to European regulatory requirements. MiCAR represents the world’s first absolutely harmonized framework for cryptocurrency companies, establishing necessities for governance, operational resilience, transparency, and shopper safety. For prospects throughout the European Union, Ramp Network’s authorization confirms that its programs and processes meet these requirements, enabling compliant growth all through the area.

Strategically, working underneath a CASP licence permits Ramp Network to serve EU purchasers inside a single, unified regulatory framework quite than navigating disparate nationwide regimes. This method is designed to supply regulatory readability, guarantee cross-border consistency, and assist sustainable progress within the European digital asset market as MiCAR is applied throughout all member states.

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