Ripple took another step toward strengthening its regulatory position in Europe by securing preliminary approval for an Electronic Money Institution license in Luxembourg.
FinTech company Ripple announced that it received preliminary approval for an Electronic Money Institution (EMI) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). This decision will allow the company to accelerate the scaling of Ripple Payments’ infrastructure across the entire European Union.
The approval, issued in the form of a so-called Green Light Letter, is a key milestone on the path to obtaining a full EMI license and confirms Ripple’s compliance with European regulatory requirements. The new status enables the company to provide payment flow management services to financial institutions in the EU that are transitioning from legacy technologies to 24/7 real-time settlement.
Ripple Payments covers more than 90% of global FX markets with daily operations and has processed over $95 billion in transactions to date. The platform delivers fast, transparent, and reliable cross-border payments while handling the full technological and operational complexity of blockchain-based systems.
According to company representatives, Luxembourg, thanks to the CSSF’s approach, continues to strengthen its position as one of Europe’s leading hubs for financial innovation. Ripple already has a strong presence in the region, with offices in London, Dublin, Luxembourg, Geneva, and Reykjavik, and serves a number of major European financial institutions. The preliminary EMI approval is expected to further reinforce these positions and expand EU businesses’ access to modern blockchain infrastructure.
The regulatory success in Luxembourg marks the second such achievement in the past week. Earlier, Ripple obtained an EMI license from the U.K. Financial Conduct Authority (FCA). Together, these approvals add to the company’s portfolio of more than 75 licenses and registrations worldwide, making Ripple one of the most heavily regulated companies in the crypto industry.
