Ripple Expands in Europe with Luxembourg EMI Approval

The post Ripple Expands in Europe with Luxembourg EMI Approval appeared first on Coinpedia Fintech News

Ripple Payments Europe S.A. has received preliminary approval from Luxembourg’s financial regulator, the CSSF, to operate as an Electronic Money Institution (EMI). Once all requirements are met, Ripple will be able to issue e-money and offer regulated payment services across the European Economic Area under MiCA rules. This follows Ripple’s recent EMI license and crypto registration in the UK. With over 75 licenses globally and $95 billion in payments processed, Ripple continues to strengthen its presence in Europe.