XRParrot, the Netherlands-based XRP-fiat gateway exchange for European customers will cease operations, citing new regulatory requirements. Even more sadly for the exchange, launched and run by Ripple developer, Wietse Wind, is that few seem to have noticed.
Dead For Five Days, Neighbours Notice Smell
All joking aside, the XRParrot exchange, launched in February 2019 with funding from Ripple’s XSpring, achieved some impressive milestones.
By linking a Euro-bank account to their exchange account, customers were able to buy and sell XRP for very low transaction fees. In October last year, the exchange had reportedly converted over 1 million Euro into XRP, making it one of the most popular European XRP gateways.
At the time of its demise, XRParrot counted over 3000 active users.
Regulations Stifle Innovators
Unfortunately, The Netherlands implementation of the latest update to the EU anti-money laundering directive was, according to some, unnecessarily anti-crypto.
To ensure compliance with the new regulations, XRParrot would need…

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Source: https://thebitcoinnews.com/xrp-based-exchange-forced-to-close-but-nobody-noticed/