Ripple announced Monday that Luxembourg’s financial regulator upgraded its preliminary Crypto-Asset Service Provider authorisation under the European Union’s Markets in Crypto-Assets framework to a full licence, clearing the company to operate across all 30 European Economic Area countries.
What Changed
Luxembourg’s Commission de Surveillance du Secteur Financier, known as the CSSF, converted Ripple’s provisional CASP status into a fully compliant authorisation. The upgrade follows Ripple receiving a preliminary licence in June 2026 and a separate full Electronic Money Institution approval from the same regulator in February 2026.
Under MiCA’s passporting rules, a licence granted in any single EU member state allows the holder to offer crypto-asset services across the entire European Economic Area without seeking individual approvals in each country.
Ripple’s Statement
Cassie Craddock, Ripple’s managing director for Europe and the UK, said in a statement: ‘This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale.’
The company said the approval positions it to serve payments, financial institutions, corporates, and businesses across all 30 EEA nations.
Where Ripple Stands Versus Competitors
MiCA became law three years ago and came into full force on 1 July 2026. Crypto firms operating in the region without a valid licence are now required to halt services. The number of fully authorised CASPs remains small, making Ripple one of a limited group of digital asset companies holding complete MiCA compliance at this stage.
Crypto exchange Binance is among thousands of other CASPs that did not qualify in time for the 1 July deadline.
Building on the EMI Approval
The February EMI licence from the CSSF already allowed Ripple to scale regulated payment services across the EU. The new CASP authorisation broadens that footprint by covering the wider range of crypto-asset services defined under MiCA, including custody, exchange, and transfer services for digital assets.
