Ripple Wins EU MiCA License As July 1 Deadline Looms

Ripple has acquired a preliminary crypto asset service provider (CASP) license in Luxembourg, making it compliant with the European Union’s Markets in Crypto-Assets (MiCA) regulations ahead of a July 1 deadline. In a statement on Tuesday, Ripple said that once its CASP is finalized, it would be able to provide regulated cryptoasset services to financial institutions and businesses across the 30-member European Economic Area (EEA). Combined with Ripple’s existing EU Electronic Money Institution (EMI) licence, the CASP license means that European banks, fintechs, and businesses can access Ripple’s full cryptoasset and stablecoin payments infrastructure through a single integration, the company said. The two licenses, when finalized, will make Ripple fully…