Ripple Wins MiCA Approval in Luxembourg Amid Binance Licensing Shift

Ripple has secured preliminary approval for a MiCA CASP licence in Luxembourg, moving it closer to offering regulated crypto services across the EEA. The approval would complement Ripple's existing EMI licence and support wider use of its cryptoasset and stablecoin payment infrastructure.

The licence was granted by Luxembourg's Commission de Surveillance du Secteur Financier and is subject to final requirements being met before authorisation is finalised.

Ripple said the authorisation would also support expansion into additional cryptoasset activities as demand for digital asset infrastructure continues to develop across Europe. The company already maintains a significant presence in the region and holds more than 75 regulatory licences globally.

Binance has, on the other hand, withdrawn its Greek MiCA application and is pursuing authorisation in another EU member state ahead of the 1 July deadline.