Ripple Wins Major Regulatory Milestone as Binance Shifts EU Licensing Strategy

Ripple has secured preliminary approval for a Crypto Asset Service Provider (CASP) licence in Luxembourg, bringing it closer to offering regulated crypto services across the EEA.

The approval would complement Ripple's existing EU Electronic Money Institution licence and support wider use of its cryptoasset and stablecoin payment infrastructure.

Binance has withdrawn its Greek MiCA application and is pursuing authorisation in another EU member state ahead of the 1 July deadline, which marks the end of the transitional period for the European Union's Markets in Crypto-Assets (MiCA) regulation.