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Ripple UK CEO Cassie Craddock announced that the company has obtained an Electronic Money Institution (EMI) license and crypto asset registration from the UK Financial Conduct Authority (FCA), supplementing its existing EU EMI license. She stated that this achievement officially bridges traditional finance and decentralized finance, marking the company's transition from an experimental phase to a regulated institutional-level operation. The company held an event at Tower Bridge in London to celebrate this milestone.