Ripple Receives EU CASP License Under MiCA Regulation

Ripple, a blockchain-based enterprise solutions company, received final approval for its CASP (Crypto-Asset Service Provider) license from Luxembourg's financial regulator CSSF on the 6th (local time). The approval follows preliminary approval in June and confirms Ripple's full compliance with the EU's MiCA (Markets in Crypto-Assets) regulation. The license enables Ripple to provide compliant digital asset payment services to financial institutions and businesses across 30 European Economic Area (EEA) countries.

Ripple Gains Full MiCA Compliance with CASP License Approval

Ripple announced the final license approval on X on the 6th (local time), stating the company is now fully MiCA-compliant. The CASP license represents the final authorization following preliminary approval in June. Under MiCA regulation, Ripple can now offer regulated digital asset payment services to financial institutions and enterprises across 30 EEA member states.

Company Confirms Readiness for Post-Transition MiCA Services

Cathy Craddock, Ripple's Managing Director for UK and Europe, stated that the CASP license acquisition means Ripple has established a business foundation fully aligned with the MiCA framework. Craddock confirmed the company has completed preparations to provide services that comply with regulations even after the MiCA transition period ends.

Ripple Expands Global Regulatory Network to 75+ Licenses

With this approval, Ripple became one of the global digital asset companies to receive official authorization under MiCA. The company currently holds more than 75 regulatory licenses worldwide. Ripple explained that the CASP authorization strengthens its global regulatory network. The company previously obtained an Electronic Money Institution (EMI) license from CSSF in February.

FAQ

What license did Ripple receive on the 6th?

Ripple received final approval for its CASP (Crypto-Asset Service Provider) license from Luxembourg's financial regulator CSSF on the 6th (local time). The approval confirms full compliance with the EU's MiCA regulation.

How many countries can Ripple serve with the CASP license?

The CASP license enables Ripple to provide compliant digital asset payment services to financial institutions and businesses across 30 European Economic Area (EEA) countries.

How many regulatory licenses does Ripple hold globally?

Ripple currently holds more than 75 regulatory licenses worldwide. The company previously obtained an Electronic Money Institution (EMI) license from CSSF in February.