Ripple targets EU, wins preliminary MiCA approval from Luxembourg financial regulator
The license will enable Ripple to offer its stablecoin payment systems to European companies and expand into broader crypto functions.
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Summary
- Ripple, the blockchain company behind the XRP Ledger, is on its way to receiving regulatory approval in the European Union through Luxembourg.
- The license will allow Ripple to offer its stablecoin payment systems in the bloc and expand into broader crypto functions.
- MiCA allows companies that received approval in one EU state to offer cryptocurrency services across the bloc.
