Ripple Just Got Its Full EU MiCA License. Is This Big for XRP?
The approval makes Ripple one of a small group of firms fully authorized under MiCA and clears regulated payments across 30 EEA countries.
- On Monday, Ripple received full Crypto-Asset Service Provider authorization from Luxembourg's Commission de Surveillance du Secteur Financier , clearing the firm to offer regulated crypto payments across all 30 European Economic Area countries.
- Europe's Markets in Crypto-Assets regulation became law three years ago and came into full force on July 1, requiring firms to obtain licenses or cease operations. Only about 210 of 1,200-plus companies successfully qualified in time.
- Cassie Craddock, Ripple's managing director for the U.K. and Europe, said the license complements existing Electronic Money Institution approval from February. "This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale," Craddock said.
- While the approval expands Ripple Payments, which has handled more than $100 billion across 60-plus markets, the announcement centers on institutional services rather than XRP. Markets reacted minimally when preliminary approval came through in June, with the token slipping about 3%.
- Future growth for the XRP Ledger depends on whether European payment volume shifts to the network, though most current transactions settle in fiat or stablecoins. Additionally, Ripple's stablecoin RLUSD still awaits separate European approval before public offering.
33 Articles
33 Articles
Ripple Just Got Its Full EU MiCA License. Is This Big for XRP?
Ripple just received full MiCA authorization from Luxembourg’s financial regulator, which is the final approval after the preliminary green light it got back in June. That makes the company fully compliant under Europe’s crypto rules and clears it to offer regulated crypto payments across all 30 countries in the European Economic Area. It’s a massive ... Ripple Just Got Its Full EU MiCA License. Is This Big for XRP?
Ripple MiCA Approval in Luxembourg: What It Means
Ripple has secured full MiCA approval in Luxembourg, obtaining a Crypto-Asset Service Provider (CASP) license that positions the company to offer regulated services across the European Union. Ripple Lands the Full MiCA Approval It Was Chasing Ripple announced it has received a full CASP license under the EU’s Markets in Crypto-Assets (MiCA) framework, with Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSS…
CoinStats - Ripple MiCA License Opens Door to 30 Markets ...
This article was first published on The Bit Journal. Ripple has now finally completed its European regulatory approval process after receiving full authorization under the European Union’s Markets in Crypto-Assets (MiCA) framework. This puts the company amongst a limited group of crypto firms that are cleared to operate across the whole of the European Economic Area (EEA). The approval came from Luxembourg’s financial regulator, the Commission d…
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