Ripple Wins Preliminary MiCA License in Luxembourg to Scale Crypto Across Europe

Luxembourg's CSSF granted Ripple a preliminary MiCA Crypto Asset Service Provider license, letting it passport regulated crypto and RLUSD stablecoin payments across all 30 European Economic Area countries days before the July 1 MiCA deadline.

Ripple Wins Preliminary MiCA License in Luxembourg to Scale Crypto Across Europe Luxembourg's CSSF granted Ripple a preliminary MiCA Crypto Asset Service Provider license, letting it passport regulated crypto and RLUSD stablecoin payments across all 30 European Economic Area countries days before the July 1 MiCA deadline. Aaron Rafferty June 29, 2026 Key Takeaways: Ripple received preliminary MiCA Crypto Asset Service Provider (CASP) approval from Luxembourg's CSSF, a "Green Light Letter" that is still subject to final conditions. Combined with Ripple's existing EU Electronic Money Institution license, the CASP license would let banks and fintechs reach Ripple's crypto and RLUSD stablecoin rails across all 30 European Economic Area countries through one integration. The approval lands days before the July 1 MiCA deadline that is pushing non-compliant stablecoins like Tether's USDT off EU exchanges. Ripple said on June 23 it received preliminary approval for a Crypto Asset Service Provider license from Luxembourg's financial regulator, the CSSF, under the European Union's Markets in Crypto Assets rules, known as MiCA. The approval is a Green Light Letter, which means Ripple has met the substantive requirements but still has final conditions to clear before it can formally passport services across the 30 countries of the European Economic Area . Paired with the EU Electronic Money Institution license Ripple already holds, the CASP approval would let European banks, fintechs, and corporates collect, exchange, and pay out through Ripple's crypto and stablecoin rails in a single integration for the first time. Ripple says its payments arm has processed more than $100 billion across more than 60 markets, and the company holds more than 75 regul