Ripple Receives Preliminary Approval for Luxembourg Crypto-Asset Service Provider License

Ripple has received preliminary approval from the Luxembourg Financial Supervisory Authority (CSSF) for its Cryptocurrency Service Provider license, laying the foundation for launching Ripple Payments and MiCA-compliant services in the European Economic Area (EEA). This preliminary approval will become effective upon fulfillment of final conditions. Combined with Ripple’s existing Electronic Money Institution (EMI) license, European financial institutions can access Ripple’s crypto asset and stablecoin payment infrastructure through a single integration.