Ripple Targets Mica Passporting In Eu With Luxembourg E-money Nod (2026)

The preliminary Luxembourg approval boosts Ripple’s EU expansion aims following its recent UK authorization, supporting its push toward full MiCA compliance.

Ripple is expanding its regulatory footprint in Europe after receiving what it described as a preliminary e-money authorization from Luxembourg’s financial regulators.

The blockchain payments company said in a Wednesday announcement shared with Cointelegraph that it had received preliminary approval for its Electronic Money Institution (EMI) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).

Ripple said the step moves it closer to a full authorization, which would allow the company to provide regulated payment services in stablecoins and other digital assets across the European Union under passporting rules, subject to meeting remaining conditions.

“Gaining our preliminary approval is a pivotal step, enabling Ripple to provide essential digital asset infrastructure to our clients across Europe,” said Cassie Craddock, Ripple’s managing director for the UK and Europe.

Ripple’s preliminary EMI approval in Luxembourg was issued in the form of a “green light letter” from the CSSF, marking a key step toward Ripple receiving its full EMI authorization, subject to relevant conditions.

The approval highlights its commitment to Europe, a key region for Ripple, where the company has multiple offices.

“Thanks to the CSSF’s progressive and sophisticated approach to supervision, Luxembourg is establishing itself as a premier hub for financial innovation by providing the harmonised framework and legal certainty that our industry needs,” Craddock said, adding:

Ripple’s regulatory progress in Luxembourg marks its second approval within a week, following EMI and crypto asset business authorizations granted by the UK’s Financial Conduct Authority to its local subsidiary, Ripple Markets UK, last Friday.

The company is also pursuing approval under the European Union’s Markets in Crypto-Assets (MiCA) framework. Ripple aims to achieve full MiCA compliance by securing a crypto asset service provider (CASP) license in the coming months.

Source: CoinTelegraph