1 month ago
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Key Takeaways
- Ripple secured preliminary MiCA CASP approval from Luxembourg’s CSSF.
- The license passports across all 30 EEA countries once finalized.
- Combined with its EU EMI license, it covers both crypto and fiat payments.
- It is a “Green Light Letter,” subject to final conditions, not yet full authorization.
It pairs with the EU Electronic Money Institution (EMI) license Ripple already holds. The EMI handles the fiat side, collecting, converting, and paying out in traditional currency. The new CASP adds the crypto-asset layer on top. Together, they let European clients collect, exchange, and pay out across both fiat and crypto through a single integration, rather than stitching together separate arrangements for each side.
Why Luxembourg, and Why It Reaches 30 Countries
The choice of regulator is deliberate. Luxembourg’s CSSF oversees much of the continent’s largest investment-fund industry, so basing its European operations there is a signal...
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