"XRP is utility token" - MiCA hands XRP and Ripple an advantage in Europe

in #crypto4 days ago

"XRP Is A Utility Token"

MICA HANDS XRP AND RIPPLE AN ADVANTAGE IN EUROPE


Some good news for XRP from Europe. MiCA will reportedly be classifying XRP as a "utility token" rather than a "currency" or "e-money". This relaxes the regulation requirements for XRP in the regions of Europe under the MiCA jurisdiction.

This means institutions are more likely to opt for XRP over other competing tokens. Ripple has also been acquiring key companies like Metaco, giving them a leg up and head start compared to others. Much bullish.

Peace & Love,

Adé