Ramp Network Gets Green Light in Europe: What It Means for Crypto Users
Ramp Network has just achieved a major milestone. It is now a licensed Crypto Asset Service Provider (CASP) in the European Union. This means all of its customers in the EU are now under this approved license. The license adheres to the rules set by the Marketing in Crypto Assets Regulation (MiCAR) and the Central Bank of Ireland.
A Big Deal for the EU Market
This approval is a big deal. It acts like a regulatory passport, allowing Ramp Network to operate across all 27 EU member states under one license. This simplifies the company's operations and services, which include converting between regular money and digital assets, all under one set of EU rules.
CEO's Perspective
The CEO of Ramp Network, Przemek Kowalczyk, stated that this is a big step. It demonstrates the company's readiness to serve EU customers under these new rules. He also mentioned that this step supports their goal of building a strong financial system that connects traditional finance with digital systems across Europe.
Commitment to the EU Market
Ramp Network was started and built in Europe. This move shows their long-term commitment to the EU market. MiCAR is the first of its kind, setting standards for governance, operational resilience, transparency, and consumer protection. Ramp Network's approval means they meet these standards, supporting their growth across Europe.
Strategic Advantage
Operating as a CASP is strategic. It allows Ramp Network to serve EU customers under one set of rules, which is better than dealing with different rules in each country. This supports regulatory clarity and consistency, helping with sustainable growth in the European digital asset market.
About Ramp Network
Ramp Network is a financial technology company that builds solutions connecting the crypto economy with global financial systems. Through its core products, it provides a smooth experience for converting between cryptocurrencies and regular money. Ramp Network works with major payment methods, including debit and credit cards, bank transfers, Apple Pay, and Google Pay.
