Ripple confirms intention to pursue MiCA license for EU expansion
2025-07-15 14:10:57
Main Idea
Ripple plans to pursue a Markets in Crypto Assets (MiCA) license to expand its stablecoin operations in the European Economic Area, following its registration of Ripple Payments Europe S.A. in Luxembourg.
Key Points
1. Ripple aims to become MiCA-compliant to capitalize on significant opportunities in the EU market.
2. Ripple has registered Ripple Payments Europe S.A. in Luxembourg and applied for an electronic money institution license there.
3. Luxembourg is emerging as a hub for crypto firms seeking MiCA compliance, with companies like Coinbase and Standard Chartered also securing licenses there.
4. Luxembourg authorities do not appear to be particularly lenient towards the crypto sector, as evidenced by their classification of virtual assets in late May.
Description
Ripple told Cointelegraph it will apply for a MiCA license to expand its crypto and stablecoin operations across the European Economic Area.
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