Ripple is strengthening its regulatory position in Europe after securing what it described as preliminary e-money approval from Luxembourg’s financial authorities. In an announcement shared with Cointelegraph on Wednesday, the company said it had received initial authorization for an Electronic Money Institution license from the Commission de Surveillance du Secteur Financier.

According to Ripple, the approval brings it closer to full authorization, which would enable the firm to offer regulated payment services involving stablecoins and other digital assets across the European Union under passporting rules, provided remaining requirements are met.

“Gaining our preliminary approval is a pivotal step, enabling Ripple to provide essential digital asset infrastructure to our clients across Europe,” said Cassie Craddock, Ripple’s managing director for the UK and Europe.

Luxembourg seen as a strategic gateway

The preliminary EMI approval was delivered through a so-called green light letter from the CSSF, signaling progress toward full authorization once outstanding conditions are satisfied. Ripple framed the development as further evidence of its long-term focus on Europe, a region where it maintains a significant operational presence through multiple offices.

“Thanks to the CSSF’s progressive and sophisticated approach to supervision, Luxembourg is establishing itself as a premier hub for financial innovation by providing the harmonised framework and legal certainty that our industry needs,” Craddock said. “Regulatory clarity is the bedrock of institutional adoption, and by prioritizing MiCA-compliant operations, Ripple is empowering the region’s businesses to lean into the next era of financial innovation.”

Progress continues across the UK and EU

The Luxembourg milestone follows another regulatory step taken earlier in the week. Ripple recently obtained EMI and crypto asset business authorizations from the Financial Conduct Authority for its UK subsidiary, Ripple Markets UK. At the same time, the company is continuing its efforts to secure approval under the European Union’s Markets in Crypto-Assets framework, with the goal of obtaining a crypto asset service provider license in the coming months.

Ripple said these new approvals in Europe and the UK add to its growing list of more than 75 regulatory authorizations worldwide. That portfolio includes money transmitter licenses across 43 US states and territories, as well as approvals in jurisdictions such as Singapore, Dubai and the Cayman Islands, alongside additional licenses gained through acquisitions including Layer2 Financial and Hidden Road.

Sources:

https://cointelegraph.com/news/ripple-luxembourg-e-money-approval-europe-push

https://ripple.com/careers/locations/