Ripple has a new license in the EU: Don't get too excited and forget the risks
Although the news that Ripple has received an EMI license in Luxembourg sounds impressive, you should keep a cool head. The thing is, having a new license is just the "first step" through the door, while whether banks and businesses in the EU are truly eager to shift from the old system to using Ripple Payments is another matter. The traditional financial market is very conservative and slow to adapt to new technologies. #anhbacong
Additionally, the fact that Ripple is part of the most heavily regulated companies in the world means that all their activities will be under the microscope of regulatory agencies. Any small oversight regarding anti-money laundering regulations or security could jeopardize this license. Retail investors should not rush to "jump on the bandwagon" just because of the news. Observe whether the actual transaction volume on the Ripple network in the EU grows as expected before deciding to increase your position. $XRP
