Ripple Expands European Presence with Luxembourg EMI Approval
Ripple has received preliminary approval for an Electronic Money Institution (EMI) license from Luxembourg’s financial regulator, marking another significant regulatory milestone as the company expands its payments business across Europe. This approval enables Ripple to expand its cross-border payments platform across the European Union and allow financial institutions to move funds using stablecoins and other digital assets within a regulated framework.
Regulatory Milestones and Expansion
The approval was granted by the Commission de Surveillance du Secteur Financier and came in the form of a “green light letter,” Ripple said in a recent blog post. This decision closely follows Ripple’s recent regulatory progress in the United Kingdom, where the company has received both an EMI license and cryptoasset registration from the Financial Conduct Authority. Taken together, the approvals strengthen Ripple’s presence in two key European markets as regional rules for digital assets continue to take shape.
Ripple President Monica Long said Europe’s regulatory approach has given financial institutions the confidence to advance blockchain technology beyond pilot programs. She added that expanding Ripple’s licensing portfolio allows the company to offer an end-to-end payment solution that combines stablecoins with on-chain liquidity, helping institutions modernize legacy systems and operate 24/7.
Ripple’s Commitment to Regulated Payments
Ripple Payments operates as a licensed, cross-border, end-to-end payment platform that manages the flow of funds on behalf of customers while connecting them to a global network of payout partners. By handling blockchain infrastructure and operational complexity internally, Ripple enables banks and payment providers to launch digital services without having to build or maintain their own systems. According to the company, Ripple Payments has processed more than $95 billion in transaction volume to date and now reaches over 90% of daily foreign exchange markets.
Cassie Craddock, Ripple’s managing director for the UK and Europe, said the Luxembourg regulatory framework provides the legal certainty needed for financial innovation. She described the preliminary approval as a crucial step towards deploying compliant blockchain infrastructure across the EU, noting that Ripple is focused on aligning its operations with the European System of Crypto Assets Markets (MiCA).
Global Expansion and Regulatory Recognition
Ripple’s dollar-backed stablecoin RLUSD has reportedly been released for institutional use in Abu Dhabi after receiving recognition as an accepted fiat-referenced token from the local regulator. The approval allows licensed entities in the Abu Dhabi Global Market (ADGM) to use RLUSD for regulated financial activities within the free zone financial hub. The decision strengthens Ripple’s expansion in the United Arab Emirates, where the company has received approvals in Dubai and Abu Dhabi and brought on board partners such as Zand Bank and Mamo.
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