Ripple gains preliminary MiCA license ahead of July 1 EU deadline
Cointelegraph 2026-06-23 08:47:59
Context: Ripple, a leading cryptocurrency company, has secured a preliminary license as a crypto asset service provider (CASP) in Luxembourg, just ahead of the July 1 deadline for the European Union's Markets in Crypto-Assets Regulation (MiCA) to take effect. This development allows Ripple to offer regulated crypto services across all 30 countries in the European Economic Area (EEA) through a single regulatory passport. The company already holds an Electronic Money Institution (EMI) license in Luxembourg.
Key Facts
- Ripple has gained preliminary approval for a crypto asset service provider (CASP) license from Luxembourg's financial regulator under the European Union's Markets in Crypto-Assets Regulation (MiCA), enabling it to offer regulated crypto services across the EEA.
- The CASP license, once finalized, will allow Ripple to provide regulated crypto services to banks, fintechs, and other businesses across all 30 countries in the EEA through a single regulatory passport.
- Ripple's pending CASP license, combined with its EMI license issued in February 2026, will enable a "full crypto asset and stablecoins payments infrastructure" through a single integration for the first time, according to the company.
- The approval positions Ripple to expand into broader crypto asset activities in Europe, which is "already a leading region" for its products, with Cassie Craddock, managing director of the UK and Europe at Ripple, stating that MiCA has helped to unlock a new wave of institutional digital assets adoption.
- Ripple currently holds more than 75 regulatory licenses globally, including a UK license from the Financial Conduct Authority received in January 2026.