According to Odaily, cryptocurrency infrastructure firm Ramp Network has secured registration as a Virtual Asset Service Provider (VASP) in Ireland. The company plans to establish its European headquarters in the country and has obtained a license to operate as a cryptocurrency asset service provider.
Ramp Network aims to secure authorization as a Cryptocurrency Asset Service Provider (CASP) in accordance with the Market in Crypto Assets (MiCA) regulations. This move is part of the company's strategic plan to expand its operations and services across Europe, leveraging Ireland's favorable regulatory environment for digital assets.
The registration and subsequent authorization will enable Ramp Network to offer a range of services related to virtual assets, including but not limited to, exchange services between virtual currencies and fiat currencies, transfer of virtual assets, and provision of financial services related to such assets. The company's decision to establish its European headquarters in Ireland underscores the country's growing prominence as a hub for digital asset and blockchain technology companies.