Overview
- Luxembourg’s CSSF granted Ripple a final Electronic Money Institution license, upgrading last month’s preliminary approval after conditions were met.
- The license permits regulated electronic money services across all EU member states through passporting.
- Ripple says the approval will help scale its Ripple Payments offering for banks, fintechs, and enterprises under EU supervision.
- The move follows January approvals in the U.K., where the FCA granted Ripple an EMI license and cryptoasset registration.
- The company reports holding more than 75 licenses globally and has not detailed timelines or priority markets for its EU rollout.