Ripple has received a full Markets in Crypto-Assets license from Luxembourg authorities. The approval allows the company to provide crypto services across the European Economic Area.
Ripple said Monday that Luxembourg upgraded its preliminary Crypto-Asset Service Provider authorization under the European Union’s MiCA regulations to a full license. The move clears the company to offer crypto-asset services throughout the 30-country European Economic Area.
“This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale,” said Cassie Craddock, the company's managing director for Europe and the U.K.
The license builds on Ripple’s February approval as an Electronic Money Institution in Luxembourg. MiCA came into full force on July 1, requiring unlicensed crypto firms to halt operations in the region.
Ripple was granted a preliminary license in June. It is now among a small group of digital asset firms with full authorization.
