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Blockchain firm Ripple believes the United Kingdom can become a leader in the crypto sector. The company executives shared this view at the recently organized UK Digital Assets Summit in partnership with Innovate Finance and the UK Centre for Blockchain Technology. According to Ripple Europe Policy Director Mathew Osborne, who wrote about the event, the UK already has the advantage of being one of the top financial services centers globally with expertise in various areas. Thus, the country only needs to enact the right regulations. Osborne noted that other jurisdictions, such as the European Union, Hong Kong, and Singapore, have already outdone the UK in regulating the crypto industry. However, he believes the UK has a second-mover advantage and can learn from these jurisdictions to create a better regulatory regime. He said: “The UK now has a ‘second mover advantage’, as it can learn from the experiences of other jurisdictions and introduce a regulatory regime that supports the benefits of digital assets as well as mitigating the risks.” These comments echo panelists’ views at the summit, who believe that the UK needs to move fast with its crypto industry regulation, as clarity remains crucial for participants. They noted that such regulatory clarity could have several advantages for the UK, such as 24/7, faster and more efficient settlements for local and cross-border transactions, and more capital inflow into the country. At the root of it, they believe that if the UK should have clearer rules on digital assets, it could become a global crypto hub where consumers enjoy more protection as the standards of firms in the sector will improve. The call for rules enabling the crypto industry in the UK is not new. Although the Financial Conduct Authority already has some rules, industry participants believe more regulatory clarity is needed to encourage adoption. The report said: “Panelists reflected that progress so far has been fairly piecemeal, and a bold, ambitious and comprehensive approach is needed.” Some of those complaints also involve the FCA’s low approval rate for crypto licenses. Although the regulator has granted approval to Coinbase, PayPal BlackRock, and Galaxy, its approval rate of only 14% means several companies, including Ripple itself, remain without a license. Unsurprisingly, Ripple complained that banks in the country are unwilling to work with it because there is no regulatory framework. According to Cassie Craddock, the managing director for Ripple Europe and UK, large banks have yet to embrace Ripple due to regulatory uncertainty. Meanwhile, Osborne said panelists at the summit identified stablecoins and tokenization as the two main products crucial to the UK’s growth as a digital assets hub. He said the UK needs to have laws that enable these products and create an environment enabling stablecoin usage, including stablecoins not issued in the country. Stablecoin is currently a $230 billion sector with more potential for growth and lots of regulatory interest worldwide. Although the UK already has a roadmap for crypto regulation, with a consultation paper on stablecoins set for the first half of 2025, the Ripple executive wants the FCA to fast-track it. Additionally, he mentioned the potential of tokenization to transform the market and called on the UK government to move fast on enabling tokenization so the country can gain from it. He noted that all it would take is to remove all the barriers to it, which are mostly regulatory and legal. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Bitget has secured a key license in El Salvador, joining other crypto firms exploring the country’s growing appeal as a regulated hub for digital assets. Cryptocurrency exchange Bitget has received a digital asset service provider license from El Salvador ‘s National Commission of Digital Assets, following its earlier approval for a Bitcoin services provider license earlier in 2024, the company said in a Friday press release . According to the exchange, the new license allows it to offer more services in the country, including spot and derivatives trading as well as staking and other yield-focused products. Hon Ng, chief legal officer at Bitget, says the company’s move to grow in El Salvador is linked to the country’s continued push to stay “ahead of many with its progressive and transparent approach to Bitcoin ( BTC ) and digital asset regulation, making it an attractive jurisdiction for good quality web3 companies aiming to operate responsibly at scale.” “Our focus at Bitget is to enter countries with a regulated framework for crypto and provide our best services as we expand on our global regulatory strategy.” Hon Ng Bitget said it plans to keep supporting jurisdictions that offer “clear frameworks and support the development of a secure, efficient crypto economy,” though it didn’t name specific countries. Bitget is not alone in looking to El Salvador. Other web3 companies have also moved to set up operations there after the country committed to becoming a crypto-friendly hub. For instance, in early January, stablecoin issuer Tether said it would move its corporate entity and subsidiaries to El Salvador after securing a digital asset service provider license in the Central American nation.

Ripple CEO Brad Garlinghouse confirmed his attendance at XRPL Apex 2025, the annual summit for the XRP Ledger community, scheduled for June 10–12 in Singapore, generating excitement about Ripple’s focus on blockchain innovation. Garlinghouse’s brief teaser tweet spurred interest among developers, investors, fintechs, and web3 startups preparing to showcase XRPL projects. The event , branded as the “largest annual summit for the XRPL community,” will feature interactive workshops, live demos, and hands-on sessions with Ripple’s latest technology alongside keynotes and panels . Both Ripple and XRPL enthusiasts anticipate updates on the evolving ecosystem. Related: SEC vs Ripple Latest: What Recent Twists Mean for XRP’s Future Clarity Ripple’s choice of Singapore likely reflects a strategic focus on Asia as a crypto innovation hub and an effort to build alliances in regulatory-forward markets while expanding its global developer base. With Ripple emphasizing real-world utility and seeking regulatory clarity (particularly in the U.S.), Apex 2025 might serve as a platform for significant announcements regarding tokenization, DeFi integrations, or CBDC partnerships. The summit offers attendees three days of learning, networking, and direct engagement with builders on the XRP Ledger, showcasing Ripple’s continued global expansion and ecosystem investment despite ongoing US legal challenges. However, contrasting with the forward-looking event news, the price chart for XRP showed weakness. Related: Enterprise Focus: Ripple Integrates RLUSD Stablecoin into Core Payments Technical analysts note XRP has broken below a head-and-shoulders pattern on its daily chart , a formation typically suggesting a potential downward trend. This analysis projects a possible significant price decrease, with some chartists eyeing targets near $1.30. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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