Ripple targets EU, wins preliminary MiCA approval from Luxembourg financial regulator
Ripple has received preliminary approval for a Crypto Asset Service Provider license in Luxembourg under the EU's MiCA regulatory framework. This license would allow the firm to expand its stablecoin payment systems and crypto services across the European Union.
Why it matters
This marks a significant step for Ripple's regulatory compliance in Europe as the EU navigates the implementation of its comprehensive crypto-asset laws.
The San Francisco, California-based firm received a preliminary green light for a Crypto Asset Service Provider (CASP) license from the country s Commission de Surveillance du Secteur Financier (CSSF) under the EU’s Markets in Crypto Assets (MiCA) regulation, Ripple said Tuesday.
The report provides a factual account of regulatory developments and industry context without taking a stance on crypto policy.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in