XRP Advances 3% After Ripple Achieves Major Regulatory Breakthrough in Europe

XRP gained nearly 3% after Ripple reached a fresh regulatory breakthrough in Europe. The company confirmed that it has secured full approval of its Electronic Money Institution (EMI) license in Luxembourg.

The milestone represents a key step in Ripple’s broader strategy to scale its digital assets solutions across European markets.

The Commission de Surveillance du Secteur Financier (CSSF), Luxembourg’s financial supervisor, granted Ripple its full EMI license after the company met all regulatory conditions set out by the CSSF. The decision follows preliminary authorization given in January.

For context, an EMI license permits companies to issue electronic money, process payments, and offer digital financial services under firm regulatory oversight. This license grants Ripple “passporting” rights, allowing it to operate in all other EU member states with a single approval.

As a result, Ripple can onboard and serve institutional clients across the European Economic Area without additional barriers. Cassie Craddock, Ripple’s Managing Director for the UK and Europe, said the company has viewed Europe as a “strategic priority.”

She added that the authorization strengthens Ripple’s ability to expand compliant blockchain infrastructure across the EU, positioning the firm to support European businesses to move toward a more efficient, digital-first financial era.

“Securing our full EMI license in the EU is a transformative milestone that reinforces Ripple’s presence at the heart of European finance,” Craddock added.

Some more exciting licensing news in Europe!