Overview
- Luxembourg’s financial regulator CSSF granted Ripple final Electronic Money Institution status after a preliminary green light in January.
- The license enables passporting across EU member states to scale the institution-focused Ripple Payments product.
- The move follows recent U.K. FCA approvals for an EMI license and cryptoasset registration, widening Ripple’s regulated reach.
- Ripple says it now holds more than 75 licenses worldwide and has not specified timelines or priority EU markets for rollout.
- Company leaders call the authorization a transformative step for European clients, with recent fundraising and acquisitions cited as support for expansion.