Ripple Receives Preliminary Approval for Crypto Asset Service Provider License in Luxembourg

CoinFeed, June 23 – According to official sources, Ripple announced it has received preliminary approval for a Crypto Asset Service Provider license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), paving the way for the launch of Ripple Payments in the European Economic Area and full MiCA compliance. The preliminary approval will take effect once final conditions are met. Combined with Ripple’s existing Electronic Money Institution license, European financial institutions can access Ripple’s crypto asset and stablecoin payment infrastructure through a single integration.