argentina, florida, kpmg, latam, ripio, sebastian serrano, select, u.s.

Ripio, an Argentina-based cryptocurrency exchange, has announced that it will expand its operations to the U.S. The company, which serves more than 4.5 million customers in Latam, received a license in the state of Florida to operate and will start offering its Ripio Select services to companies and institutional investors.

Ripio Expands Operations to US

Ripio, one of the largest exchanges in Latam, with more than 4.5 million customers on the continent, has announced it will expand its operations to the U.S. The company obtained a license granted by the Florida Office of Financial Regulation, that will allow it to offer its suite of services to United States customers.

With this endorsement, the company is ready to bring its products to customers in the country, including its custodial wallet and exchange services, and its newly launched Web3 wallet. Also, Ripio is planning to provide B2B integration with other companies.

Ripio decided to first introduce its Select platform, which focuses on offering crypto-based solutions to other companies and institutional investors. This will be the tip of the spear for the company in the country, with other services to be introduced later on.

To Ripio co-founder and CEO Sebastian Serrano, this is a dream come true for the company and its investors. In a statement offered to Livecoins, Serrano declared:

We are very happy and proud to achieve this goal, as we worked hard to be able to operate in a country like the United States, which is undoubtedly one of the dreams and achievements of any entrepreneur.

Furthermore, Serrano declared the company chose the state of Florida due to its status as a crypto hub where Ripio’s Select platform has great potential.

Compliance and Growth

Ripio had to comply with all of the requirements of Florida’s financial regulation to be able to operate in the state. The company is one of the few exchanges that has received audits by several big four firms, including PWC, KPMG, and EY, and it is also registered with the Financial Crimes Enforcement Network (FinCEN).

Ripio, whose latest funding round raised $50 million in Sep 2021, has managed to stay afloat and even expand during this cryptocurrency market downtrend that has affected several crypto exchanges and lenders such as Celsius and Blockfi.

The company announced its expansion to Colombia in April, stating that its operation would offer a financial education proposal. Later, in July, the company presented an educational textbook and released its own metaverse Web3-enabled wallet.

TECH NEWS RELATED

Japanese Gaming Company Gumi Partners With Square Enix and SBI Holdings to Strengthen Metaverse Pivot

Gumi, a Japanese mobile gaming company, has partnered with Square Enix and SBI Holdings to build new business opportunities around the metaverse. The deal, which also includes the issuance of new stock valued at $52.7 million dollars, will allow the company to acquire financial and content creation experience. Gumi ...

View more: Japanese Gaming Company Gumi Partners With Square Enix and SBI Holdings to Strengthen Metaverse Pivot

Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities

Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, more than 75 accounts have been blocked by Venezuelan private banks for facilitating crypto-to-fiat and fiat-to-crypto conversions ...

View more: Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities

FBI Renews Warning About Pig Butchering Crypto Scam Sweeping the Country

The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called “pig butchering” that is sweeping across the U.S. “Be very careful when you go on social media and dating apps and somebody starts developing a relationship with you,” cautioned an FBI ...

View more: FBI Renews Warning About Pig Butchering Crypto Scam Sweeping the Country

Philippine Regulator Warns Against Using Unlicensed Cryptocurrency Exchanges Following FTX Collapse

The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX which “left hundreds of thousands, even millions of unsecured creditors with little to no recourse in recovering their money,” the regulator stressed. Philippine SEC ...

View more: Philippine Regulator Warns Against Using Unlicensed Cryptocurrency Exchanges Following FTX Collapse

Robert Kiyosaki Warns Last Chance to Buy Gold and Silver at Low Prices — Says Stock Market Crash Will Send Them Higher

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says now may be the last chance to buy gold and silver at low prices. “Inflation moving up. Interest rates moving up. Stock market to crash sending gold and silver higher,” Kiyosaki described. Robert Kiyosaki Expects ...

View more: Robert Kiyosaki Warns Last Chance to Buy Gold and Silver at Low Prices — Says Stock Market Crash Will Send Them Higher

Publicly-Listed Bitcoin Miner Argo Blockchain Suspends Nasdaq Trading

Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The company’s stock has lost 96.34% year-to-date and on Dec. 12, the bitcoin miner “advanced negotiations with a ...

View more: Publicly-Listed Bitcoin Miner Argo Blockchain Suspends Nasdaq Trading

Report: Nigerian Security Agency Seeks to Arrest Central Bank Governor on Charges of Funding Terrorists

The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in public. The DSS is still seeking to apprehend Emefiele despite losing its bid to have a Nigerian ...

View more: Report: Nigerian Security Agency Seeks to Arrest Central Bank Governor on Charges of Funding Terrorists

Crypto Supporters Sift Through the Graveyard of Technical Indicators That Failed to Predict Bitcoin’s Bottom

As the end of 2022 approaches, a great number of bitcoin proponents are questioning whether or not the bottom is in as far as the official end of the crypto winter is concerned. The current bitcoin bear run just entered the longest bottom formation since the 2013-2015 bitcoin bear ...

View more: Crypto Supporters Sift Through the Graveyard of Technical Indicators That Failed to Predict Bitcoin’s Bottom

'Oil Prices North of $200' per Barrel — Investor Expects Oil to 'Crush' Every Investment in 2023

Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack

More Than $19 Billion in BTC, ETH, Stablecoins Left Exchanges Since the Onset of FTX’s Collapse

Argentine Soccer Association AFA Partners With Upland to Enter the Metaverse

Blockchain Based Climate Tech Startup YES WORLD Reaches 100k Holders Mark, Holders Doubled in 2 Months

Report: R&B Artist Akon Denies Claims His Crypto City Dream Is Crumbling

Santa Launches Its Rewarded Browser This Christmas to Bring in the Next 200M Users Onto Web3

Indian Crypto Market Suffers Significantly — Experts Say Trading Volumes Unlikely to Recover Anytime Soon

Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products

2 NFT Projects Plan to Transition From Solana to Alternative Blockchains

Silver and Gold — Precious Metals Stored Value This Year Outperforming Crypto Assets in 2022

Biggest Movers: LTC Climbs to 10-Day High on Monday

OTHER TECH NEWS

Top Car News Car News