Ripple Gets Preliminary Crypto License in Luxembourg for MiCA Compliance

Ripple received preliminary approval for a Crypto Asset Service Provider license in Luxembourg, making it fully MiCA-compliant ahead of the July 1 deadline. The license lets Ripple offer crypto and stablecoin payment services across all 30 European Economic Area countries.

• Ripple got a 'Green Light Letter' from Luxembourg's CSSF regulator for a CASP license under MiCA rules.
• Combined with an existing EMI license, Ripple can now serve banks and fintechs across all 30 EEA countries.
• The license covers Ripple's full crypto and stablecoin (RLUSD) payment infrastructure through a single integration.
• Ripple now holds over 75 regulatory licenses globally, positioning it as one of the most licensed crypto firms.
• XRP price rose to $1.11 on the news, with trading volume up 18%.

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