This license will allow Ripple to provide stablecoin payment systems to European firms and broaden its crypto services.
By Jamie Crawley|Edited by Sheldon Reback Jun 23, 2026, 10:17 a.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Ripple Labs CEO Brand Garlinghouse (Jesse Hamilton/CoinDesk)SummaryShow- Ripple, the company behind the XRP Ledger, is progressing toward regulatory approval in the European Union via Luxembourg.
- This license will enable Ripple to provide its stablecoin payment solutions within the EU and broaden its cryptocurrency capabilities.
- The MiCA regulation permits entities approved in one EU nation to deliver cryptocurrency services throughout the entire bloc.
Ripple, the firm that operates the XRP Ledger, is advancing toward obtaining regulatory approval in the European Union (EU) through a license from Luxembourg.
The San Francisco-based company announced that it has received a preliminary endorsement for a Crypto Asset Service Provider (CASP) license from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, in accordance with the EU’s Markets in Crypto Assets (MiCA) regulations.
This license will facilitate Ripple's ability to provide stablecoin payment systems to European businesses, along with the opportunity to expand into additional cryptocurrency services, as stated in the announcement.
Under MiCA, companies that gain approval in one EU country can offer cryptocurrency services across the entire bloc.
MiCA was one of the first all-encompassing regulatory frameworks for cryptocurrency in a significant market after its enactment in 2023, but recent developments suggest that the initial period of leniency may be concluding. The European Commission, the executive arm of the EU, initiated a consultation last month to evaluate whether MiCA remains suitable.
Concerns regarding MiCA's limitations include criticisms about stablecoin regulations, particularly a comprehensive ban on offering interest and requirements for issuers to maintain as much as 60% of backing assets in cash deposits at commercial banks.
RippleMiCARegulationLatest Crypto News- 1Crypto market drops as Nasdaq tech selloff spills into digital assets17 minutes ago
- 2Hut 8 to pay $2.35 million to settle investor suit over U.S. Bitcoin merger1 hour ago
- 3Bitcoin price has limited downside, likely near bottom, contrarian indicator suggests2 hours ago
- 4Live updates: An 'altcoin season' signal flashed, but bitcoin's slide is what set it off4 hours ago
- 5XRP drifts toward $1.10 support as traders await break from three-week range4 hours ago
- 6SpaceX’s $600 billion plunge erased equivalent of nearly half of bitcoin’s market cap in 3 days4 hours ago
- 7Bitcoin falls under $63,000 as a tech selloff drags risk assets lower5 hours ago
- 8Trump signs orders to build a quantum computer and protect against the one that could break encryption5 hours ago
- 9U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC12 hours ago
- 10Securitize and tZERO clash over patents as race to bring Wall Street onchain heats up13 hours ago
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
View Full ReportMore From Policy