Overview
- Luxembourg’s CSSF granted Ripple a full Electronic Money Institution license after the company met required conditions, completing last month’s preliminary clearance.
- The license enables Ripple to offer regulated electronic money services and scale Ripple Payments across the European Union through passporting.
- Managing director Cassie Craddock said the authorization supports delivering compliant blockchain infrastructure to clients across Europe.
- The move follows Ripple’s January approvals from the U.K. Financial Conduct Authority for an EMI license and cryptoasset registration.
- Ripple says it now holds more than 75 licenses globally and has not specified timing or the first EU markets for rollout.