RIPPLE RECEIVES “GREEN LIGHT” FROM MICA IN LUXEMBOURG, BUT XRP STILL DROPS
Ripple has officially received an approval letter for MiCA (Green Light Letter) from the CSSF regulator in Luxembourg on June 23, paving the way to operate across all 30 countries in the European Economic Area (EEA). This is seen as an important step that helps Ripple expand its regulatory framework in the European market.
However, contrary to the positive expectations from legal news, XRP fell by about 2.9% shortly after the information was released. This development suggests that market sentiment remains cautious, as investors have not reacted in consensus to the positive regulatory signals in the short term.
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Ripple has officially received an approval letter for MiCA (Green Light Letter) from the CSSF regulator in Luxembourg on June 23, paving the way to operate across all 30 countries in the European Economic Area (EEA). This is seen as an important step that helps Ripple expand its regulatory framework in the European market.
However, contrary to the positive expectations from legal news, XRP fell by about 2.9% shortly after the information was released. This development suggests that market sentiment remains cautious, as investors have not reacted in consensus to the positive regulatory signals in the short term.
⭐️ Register for a Binance account to get a 20% fee rebate on Spot, Futures, and perpetual Margin trading:
➡️ Rebate link: https://accounts.binance.com/register?ref=KO2C41E8
- Referral code: KO2C41E8