Ripple has achieved a major legal victory in Singapore, with the Monetary Authority of Singapore (MAS) granting the company a license to operate as a digital payment token services provider. This development has opened the door for Ripple to expand its operations across the Asia Pacific region.The news has been well-received by the cryptocurrency community, with the price of Ripple’s XRP token gaining over 4%. It is currently trading at $0.53, marking a 5.05% increase over the past month and a 6.77% gain over the previous week.The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has also taken an interesting turn, with Judge Analisa Torres denying the SEC’s request for an early appeal. The judge’s ruling distinguishes between Ripple’s different transactions involving XRP, categorizing Institutional Sales as sales of securities, while Programmatic Sales and Other Distributions were not.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | 🇸🇬 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 8 |
| People | Analisa Torres, Brad Garlinghouse |
| Companies | Monetary Authority of Singapore (MAS), Programmatic Buyers, Ripple Markets APAC Pte Ltd, Ripple Labs Inc., United States Securities and Exchange Commission (SEC) |
| Currencies | XRP, Bitcoin, Ethereum |
| Securities | None |
