Ripple secures official MiCA CASP license from the EU, enabling it to offer crypto services across 30 European Economic Area (EEA) countries.

Digital asset infrastructure firm Ripple announced it has obtained a Cryptocurrency Asset Service Provider (CASP) license from Luxembourg’s financial regulator (CSSF), completing its regulatory authorization under the EU’s Markets in Crypto-Assets (MiCA) framework, enabling it to offer crypto asset services across all 30 European Economic Area (EEA) countries. This formal authorization follows Ripple’s receipt of a principle approval in June this year, signifying that its compliant crypto payment products for financial institutions, enterprises, and commercial clients are now available across the entire EEA. Cassie Craddock, Ripple’s Managing Director for UK and Europe, stated that the CASP license means the firm is fully compliant with MiCA requirements and ready to expand its European operations in the post-transition period. The CASP license also supplements Ripple’s existing EU Electronic Money Institution (EMI) license. To date, Ripple holds over 75 regulatory licenses globally, and obtained crypto asset registration from the UK’s Financial Conduct Authority (FCA) in January this year. MiCA’s final transition period ended on July 1, with the EU officially replacing member states’ individual crypto licensing regimes with a unified regulatory framework. According to data released by the European Securities and Markets Authority (ESMA) on July 3, 280 institutions have obtained CASP authorization so far. Ripple becomes another major crypto firm to receive formal MiCA authorization, following Kraken, Coinbase, OKX, and Crypto.com. In contrast, Binance, the world’s largest crypto exchange, withdrew its Greek license application before the July 1 deadline and has not yet obtained MiCA authorization.