Ripple Gains Key EU License from Luxembourg Regulator

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Ripple received final approval on Monday from Luxembourg’s financial authority for a full Electronic Money Institution license. The move finalizes a preliminary endorsement that was issued on January 14.

According to the company, this license enables it to scale its payments and digital asset services throughout the European Union. The San Francisco fintech firm highlighted the significance of the milestone in a statement.

Granted by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), the license establishes a regulated pathway for Ripple to offer its blockchain-based payment services to businesses across Europe.

“Europe has always been a strategic priority for us, and this authorization allows us to scale our mission of providing robust, compliant blockchain infrastructure to clients across the EU,” said Cassie Craddock, Managing Director, UK & Europe at Ripple. “We are now better positioned than ever to help European businesses transition into a more efficient, digital-first financial era.”

The Luxembourg authorization comes shortly after Ripple’s regulatory advancements in the United Kingdom. In the previous month, the UK’s Financial Conduct Authority awarded Ripple both an EMI license and a crypto asset registration. That approval supports Ripple’s expansion in the UK as the government works toward implementing a comprehensive regulatory framework for crypto assets by 2027.