Ripple secures full MiCA license for crypto services across Europe
The Luxembourg approval completes the company’s MiCA licensing process, enabling it to provide regulated crypto-asset services across the European Economic Area.
Ripple said it has received full authorization under the European Union’s MiCA crypto framework after Luxembourg’s financial regulator granted the company a Crypto Asset Service Provider (CASP) license.
The authorization follows Ripple’s preliminary approval in June and, together with the company’s existing Electronic Money Institution license, allows the blockchain payments company to offer regulated crypto-asset services across the European Economic Area (EEA).
Ripple said the approval makes it one of a small number of digital asset companies with full authorization under MiCA. The company now holds more than 75 regulatory licenses worldwide, including authorization from the United Kingdom’s Financial Conduct Authority secured in January.