Cryptocurrency payment network Ripple has reached another regulatory milestone in Ireland, with the Central Bank of Ireland (CBI) approving the firm as a virtual asset service provider (VASP). 

Announcing the news on Dec. 19, Ripple said it has now been added to the CBI’s list of registered VASPs, allowing the firm to provide certain digital asset services in Ireland.

According to data from CBI’s VASP register, Ripple can conduct transactions on behalf of another natural or legal person who moves digital assets from one address or account to another. Ripple is also allowed to provide crypto exchange services against fiat currencies, as well as exchange between different cryptocurrencies and provide custody services, according to the data.

Besides Ripple, CBI’s VASP register includes cryptocurrency firms like the United States-based crypto exchange Coinbase, payment processor MoonPay, Gemini exchange and Zodia Custody.

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