It’s confirmed: Ripple has received preliminary approval for an Electronic Money Institution (EMI) license in Luxembourg.
🔍 Key facts (clear & simple): • The approval comes from Luxembourg’s financial regulator (CSSF) • This is a company-level license for Ripple, not a license for the XRP token itself • Status: Preliminary / conditional (final approval pending remaining requirements)
🌍 Why this matters • Once finalized, Ripple can legally offer regulated digital payment services across the EU • Luxembourg licenses can be “passported” to other EU countries • Strengthens Ripple’s position as an institutional-grade payments provider
⚠️ Important clarification This is NOT an “XRP license.” However, regulated expansion by Ripple can indirectly support XRP utility in payment corridors and enterprise use cases.
📌 Bottom line: Another regulatory milestone for Ripple in Europe — steady progress, not hype.