Ripple secures full EU EMI license in Luxembourg following preliminary approval

Ripple, the provider of enterprise blockchain and crypto solutions, officially announced today that it has been granted a full Electronic Money Institution (EMI) license by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. This achievement follows the preliminary approval received earlier this year and represents a significant regulatory milestone for the company’s European expansion strategy.

Crucially, the Luxembourg EMI license enables Ripple to ‘passport’ its regulated financial services across all 27 member states of the European Union. This capability allows Ripple Markets Europe S.A. to offer services such as payment processing and the issuance of electronic money across the bloc without the need for separate authorization in each country, providing massive scalability and operational efficiency.

The successful acquisition of the EMI license solidifies Ripple’s commitment to operating within robust regulatory frameworks globally. This move is particularly strategic as the company continues to prioritize regulated growth outside the United States. Luxembourg is a key European financial hub, and securing this authorization demonstrates Ripple’s dedication to compliance and maintaining high standards as it expands its cross-border payment technologies, including RippleNet, throughout the continent.

Source: Ripple secures full EU EMI license in Luxembourg following preliminary approval