Ripple secures full EU EMI license in Luxembourg following preliminary approval

Ripple has successfully secured a full Electronic Money Institution (EMI) license from Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), converting a preliminary approval granted in January. This authorization provides Ripple with a regulated gateway to expand its blockchain-based payment and digital asset services across the entire European Union. Cassie Craddock, Managing Director for UK & Europe at Ripple, stated that Europe is a strategic priority and this license positions them to help European businesses transition to a digital-first financial era. This regulatory achievement follows recent progress in the UK, where Ripple also secured an EMI license and crypto asset registration. Overall, Ripple's global license portfolio now exceeds 75 approvals, supporting its mission to provide infrastructure for institutions moving from legacy systems to digital asset technology.

(Source：The Block)