Ripple wins preliminary Luxembourg crypto license approval for EEA payments push

Ripple said Luxembourg’s Commission de Surveillance du Secteur Financier issued a Green Light Letter granting preliminary approval for a crypto-asset service provider license under the EU’s MiCA regime, adding to the company’s existing electronic money institution license in Luxembourg. The tentative approval, which remains subject to outstanding final conditions, would help Ripple scale regulated cryptoasset services to financial institutions and corporates across the European Economic Area and support a fuller rollout of Ripple Payments in the region. Ripple said the EMI license covers fiat-denominated electronic money services such as regulated stablecoin payments, direct debit and e-money issuance, while the CASP authorization would cover crypto-asset exchange, transfer and custody under MiCA’s unified rulebook. Together, the two licenses would allow Ripple to handle more of a cross-border payments flow in-house, including converting euros into RLUSD or XRP and delivering local currency to recipients. The milestone comes as the MiCA enforcement deadline for CASPs approaches on July 1, when firms serving EU customers without valid authorization must stop operating, according to the article. Ripple’s European compliance build-out has included the registration of Ripple Payments Europe, an EMI license and Cryptoasset Registration from the UK’s FCA in January 2026, and work tied to Société Générale-FORGE’s euro stablecoin on the XRP Ledger in February.