Ripple targets EU, wins preliminary MiCA approval from Luxembourg financial regulator

Policy Ripple targets EU, wins preliminary MiCA approval from Luxembourg financial regulator The license will enable Ripple to offer its stablecoin payment systems to European companies and expand into broader crypto functions. By Jamie Crawley | Edited by Sheldon Reback Jun 23, 2026, 10:17 a.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Ripple Labs CEO Brand Garlinghouse (Jesse Hamilton/CoinDesk) Summary Show Ripple, the blockchain company behind the XRP Ledger, is on its way to receiving regulatory approval in the European Union through Luxembourg. The license will allow Ripple to offer its stablecoin payment systems in the bloc and expand into broader crypto functions. MiCA allows companies that received approval in one EU state to offer cryptocurrency services across the bloc. Ripple, the blockchain company behind the XRP Ledger, is on its way to regulatory approval in the European Union (EU) via licensing in Luxembourg. The San Francisco, California-based firm received a preliminary green light for a Crypto Asset Service Provider (CASP) license from the country's Commission de Surveillance du Secteur Financier (CSSF) under the EU’s Markets in Crypto Assets (MiCA) regulation, Ripple said Tuesday. A license would enable Ripple to offer its stablecoin payment systems to European companies and allow it to expand into broader crypto functions, according to the announcement. MiCA allows companies that receive approval in one EU state to offer cryptocurrency services across the bloc. The regime was one of the first comprehensive regulatory frameworks for cryptocurrency in a major market when it was voted into law in 2023, but there has been signs this year that the honeymoon period is coming to an end. The European Commission, the EU's executive branch, opened a consultation last month to assess if MiCA is still fit for purpose . Among the concerns about MiCA's shortcomings is criticism over stablecoin rules , relating to a blanket ban on offering interest and reserve requirements that demand issuers hold as much as 60% of backing assets in cash deposits at commercial banks. Ripple MiCA Regulation Latest Crypto News 1 Hut 8 to pay $2.35 million to settle investor suit over U.S. Bitcoin merger 31 minutes ago 2 Bitcoin price has limited downside, likely near bottom, contrarian indicator suggests 2 hours ago 3 Live updates: An 'altcoin season' signal flashed, but bitcoin's slide is what set it off 3 hours ago 4 XRP drifts toward $1.10 support as traders await break from three-week range 4 hours ago 5 SpaceX’s $600 billion plunge erased equivalent of nearly half of bitcoin’s market cap in 3 days 4 hours ago 6 Bitcoin falls under $63,000 as a tech selloff drags risk assets lower 5 hours ago 7 Trump signs orders to build a quantum computer and protect against the one that could break encryption 5 hours ago 8 U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC 11 hours ago 9 Securitize and tZERO clash over patents as race to bring Wall Street onchain heats up 13 hours ago 10 Ric Edelman says crypto’s biggest growth story is happening off the price chart 13 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research Jun 15, 2026 In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Policy U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC Crypto's second U.S. lobbying front — tax policy — sees industry push on mining, staking Bank of England backs down on strict stablecoin holding limits, sets $50 billion issuance cap