Ripple just got the green light. Luxembourg’s financial regulator granted the company a full Crypto Asset Service Provider license under the EU’s MiCA framework.
This follows preliminary approval Ripple got back in June. Combined with its existing Electronic Money Institution license, the company can now offer regulated crypto services across the entire European Economic Area. That’s a big deal.
Ripple says this puts it in a small group of digital asset companies with full MiCA authorization. The company now holds over 75 regulatory licenses worldwide, including UK FCA approval secured in January.
Cassie Craddock, Ripple’s managing director for UK and Europe, put it plainly: “This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale.”
The timing matters. The EU’s MiCA transition period ended July 1. Crypto companies either got authorized or had to stop offering regulated services in the bloc. ESMA’s latest register shows 280 licensed providers, up from 243 the week before. New additions include Standard Chartered, FalconX, and Sygnum Europe.
Not everyone made the cut. Binance withdrew its MiCA application in Greece ahead of the deadline. They’re looking at another EU member state instead.
Now the enforcement phase begins. Unauthorized companies are expected to wind down or face penalties. Belgium’s FSMA already started — they flagged six unauthorized providers on Monday.
