TLDR
- Ripple received full Electronic Money Institution license approval from Luxembourg’s CSSF after meeting all regulatory conditions.
- The license allows Ripple to offer regulated electronic money services across all EU member states.
- Ripple had announced preliminary EU approval earlier and has now finalized the process.
- Cassie Craddock stated the license strengthens Ripple’s ability to support European financial institutions.
- The approval adds to Ripple’s global portfolio of more than 75 regulatory licenses worldwide.
Ripple has received full Electronic Money Institution (EMI) license approval from Luxembourg’s CSSF, finalizing its regulatory clearance in the EU. The license will support Ripple’s expansion of digital payment services across the European Union. This follows Ripple’s earlier announcement of preliminary approval, which has now been confirmed after meeting all conditions.
Ripple Gains Regulatory Approval in the European Union
Ripple announced the full EMI license approval through an official statement following the CSSF’s confirmation. The license allows Ripple to provide regulated electronic money services throughout EU member states. Ripple had previously obtained preliminary approval and has now completed the necessary regulatory steps.
Cassie Craddock, Managing Director for the UK and Europe at Ripple, commented on the development through an official company statement. “Securing our full EMI license in the EU is a transformative milestone that reinforces Ripple’s presence at the heart of European finance,” she said. Craddock added that the authorization strengthens Ripple’s ability to support financial institutions with digital-first infrastructure across Europe.
The CSSF license positions Ripple to enhance Ripple Payments services across the region with full compliance under EU regulations. Ripple stated that Europe remains a strategic market as demand for blockchain-based financial solutions continues to grow. With the license, Ripple gains access to broader EU markets through passporting rights.
Global Licensing Strategy Advances Further
This approval follows Ripple’s recent regulatory success in the United Kingdom, where it received EMI and Cryptoasset registration from the Financial Conduct Authority. Ripple now holds more than 75 licenses worldwide, covering several regions, including Asia-Pacific and North America. The firm has built a licensing portfolio that includes approvals across various jurisdictions.
According to Ripple, the company continues to expand its global licensing footprint through proactive regulatory engagement. The approval in Luxembourg adds to its portfolio and supports service delivery to enterprise clients in the EU. Ripple’s licensing strategy aims to support enterprise blockchain adoption with a fully compliant framework.
Ripple confirmed that the Luxembourg license will support its ongoing mission to deliver reliable digital asset solutions. The company emphasized that its licensed status helps institutions shift from legacy systems to digital infrastructure. Ripple expects the new license to contribute to the scalability of its European operations.
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Source: https://blockonomi.com/ripple-secures-full-emi-license-from-luxembourgs-cssf-for-eu-operations/