Here’s a tighter, polished rewrite with a clean, professional tone:
The approval means Ripple is now fully compliant with the Markets in Crypto-Assets Regulation (MiCA), allowing it to serve payments providers, financial institutions, corporates, and businesses across all 30 countries in the European Economic Area (EEA).
Ripple said Monday that Luxembourg has upgraded its preliminary Crypto-Asset Service Provider (CASP) authorization to a full license under MiCA, enabling the company to offer crypto services across the entire EEA.
“This CASP authorization puts Ripple in a strong position for the post-transition MiCA environment, fully compliant and ready to expand,” said Cassie Craddock, the firm’s managing director for Europe and the U.K.
With the upgrade, Ripple becomes one of a relatively small group of crypto firms to secure full MiCA authorization. The regulation, introduced three years ago, came fully into force on July 1, requiring unlicensed firms to exit the region. Ripple had previously received a provisional license in June.
Meanwhile, other major platforms such as Binance are among thousands of firms that did not meet the compliance deadline. Under MiCA, firms licensed in one EU country can “passport” their services across the entire bloc.
Earlier in February, Ripple also secured full Electronic Money Institution (EMI) approval from Commission de Surveillance du Secteur Financier, allowing it to expand regulated payment services throughout the European Union.
