Ripple has received preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier, under the EU’s Markets in Crypto Assets regulation. Levi Rietveld of Crypto Crusaders called it a development with “a very sizable impact on XRP’s price on a very short timeline.”
The company received a Green Light Letter and remains subject to final conditions. For a company that has spent years building toward a regulated institutional payments infrastructure in Europe, the milestone carries real weight.
The EU Just CONFIRMED What's Coming For $XRP | HUGE News Update pic.twitter.com/kflJYZQi7y
— Levi | Crypto Crusaders (@LeviRietveld) June 23, 2026
MiCA and the Passporting System
Rietveld broke down what MiCA actually is. It is the EU’s comprehensive regulatory framework for crypto assets, providing licensing for crypto asset service providers, setting rules for stablecoins as e-money tokens, and operating a passporting system. Under that system, one license issued in a single EU member state allows operations across the entire European Economic Area (EEA).
Ripple chose Luxembourg as its EU hub. One approval there clears the path to all 30 EEA countries without licenses in each member state. The decision came just days before the July 1, 2026, deadline, after which unlicensed crypto firms operating in the EU are in breach of MiCA rules.
What the Combined Licenses Enable
Rietveld emphasized that full approval will make Ripple entirely MiCA-compliant. The CASP license works alongside Ripple’s existing EU Electronic Money Institution license, enabling European banks, fintechs, and corporates to access Ripple’s full crypto asset and stablecoin payments infrastructure through a single integration for the first time.
The EMI license covers the fiat side, including collecting currencies, holding them, and paying them out. The CASP license covers the crypto side. Together, they give institutional clients a complete payment flow via a regulated connection, including collection, conversion, and payout.
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XRP’s Potential Role
Rietveld highlighted that Ripple Payments operates as an on-chain cross-border payment solution using XRP and stablecoins like RLUSD, connecting banks, fintechs, and corporates across the EEA through integration. Ripple’s stablecoin RLUSD and XRP both underpin its solutions.
Ripple’s payments network has processed more than $100 billion in transaction volume across more than 60 markets globally. Full MiCA compliance adds regulated access to one of the world’s largest economic areas to that footprint.
Ripple now holds more than 75 licenses across the globe. Rietveld argues that a fully licensed Ripple operating at scale across Europe is a direct catalyst for XRP’s growth and dominance in the global financial system.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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