Ripple Secures Preliminary Crypto License Approval in Luxembourg
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Ripple has received preliminary approval for a Crypto-Asset Service Provider (CASP) license from Luxembourg's financial regulator, paving the way to offer regulated crypto services across the EEA under MiCA rules.
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Why It Matters
Ripple received preliminary approval for a crypto asset service provider (CASP) license in Luxembourg, which will allow it to offer regulated crypto services across the EEA once finalized.
Luxembourg's financial regulator granted Ripple preliminary approval for a crypto asset service provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA), the company said Tuesday.
Ripple said in a statement that the approval, once finalized, would allow it to offer regulated crypto services to banks, fintechs and other businesses across all 30 countries in the European Economic Area (EEA) through a single regulatory passport.
The move builds on Ripple's existing Electronic Money Institution (EMI) license in Luxembourg, which allows it to provide regulated cross-border payments and electronic money services across the EEA. The update comes just days before the July 1 transitional deadline, when EU countries begin fully applying MiCA rules.
Cointelegraph reached out to Luxembourg's Commission de Surveillance du Secteur Financier but did not receive an immediate response.
Full crypto asset and stablecoin payments infrastructure compliant with MiCA
Ripple said its pending CASP license, combined with the EMI license issued in February 2026, would enable a "full crypto asset and stablecoins payments infrastructure" through a single integration for the first time.
The company added that the approval also positions Ripple to expand into broader crypto asset activities in Europe, which is “already a leading region” for its products.
Source: Cassie Craddock
“MiCA has helped to unlock a new wave of institutional digital assets adoption, and we are seeing that demand accelerate across the region,” said Cassie Craddock, managing director of the UK and Europe at Ripple.
Europe becomes the regulatory battleground
Ripple’s CASP approval comes as Europe emerges as a key regulatory test case for the crypto industry as the MiCA framework takes effect.
Related: EUR trading accounts for 1% of Binance spot volume, CryptoQuant says
Crypto companies are racing to secure MiCA authorization ahead of the July 1 deadline, but major exchanges, including Binance, are still awaiting approval under the new regime.
Media reports have indicated that Greek regulators may be preparing to deny Binance's application.
Ripple currently holds more than 75 regulatory licenses globally, including a UK license from the Financial Conduct Authority received in January 2026.
What to Watch
AI outlook — possibilities, not facts
Ripple will leverage its Luxembourg CASP license to expand its regulated crypto services across the EEA.
Very likely · Within months
Open Questions
- When will the CASP license be fully finalized?
- Will other major exchanges secure MiCA authorization before the deadline?
