Ripple Secures Full MiCA License for EU Operations

Ripple has been granted a full Crypto-Asset Service Provider (CASP) license in Luxembourg, enabling the company to provide cryptocurrency-related services throughout the European Economic Area (EEA). The approval, issued under the European Union's Markets in Crypto-Assets (MiCA) regulation, gives Ripple the right to operate across all EEA member states through a single regulatory authorization.

The company initially received preliminary approval in June. That authorization has now been upgraded to a full license, confirming that Ripple meets all regulatory requirements introduced after the end of MiCA's transitional period.

According to Cassie Craddock, Ripple's Managing Director for the UK and Europe, the license allows the company to expand its presence across the region while operating in full compliance with European regulations.

With this approval, Ripple joins a small group of digital asset firms that have successfully secured a full MiCA license. Although the regulation was adopted three years ago, it has now entered into full force. Companies that failed to obtain the required authorization are no longer permitted to provide regulated crypto services within the region.

One notable company still without a MiCA license is cryptocurrency exchange Binance. Under the MiCA framework, a firm licensed in any EU member state can passport its services across the entire European Economic Area without obtaining separate national approvals.

The license marks another major milestone for Ripple's European expansion. Earlier this year, in February, the company also received full authorization as an Electronic Money Institution (EMI) from Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). This approval enables Ripple to further develop regulated payment services across the European Union.