Ripple picks up full MiCA CASP authorization for crypto services across 30 EEA countries
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San Francisco-based digital asset infrastructure firm Ripple has received Crypto Asset Service Provider (CASP) authorization from Luxembourg's financial regulator, completing its approval under the European Union's Markets in Crypto-Assets framework.
Key facts
According to the European Securities and Markets Authority's latest MiCA register update on July 3, 280 firms have secured CASP authorization
The CASP authorization adds to Ripple's existing EU Electronic Money Institution license, bringing its global portfolio to more than 75 regulatory licenses
San Francisco-based digital asset infrastructure firm Ripple has received Crypto Asset Service Provider (CASP) authorization from Luxembourg's financial regulator, completing its approval
This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale,” Cassie Craddock, Managing Director, UK & Europe at Ripple, said
Summary
The authorization from Luxembourg's Commission de Surveillance du Secteur Financier follows Ripple's preliminary approval in June and confirms the company is fully MiCA-compliant, with its end-to-end regulated crypto payments product now available to financial institutions, corporates, and businesses throughout the EEA, the company said in a statement. “This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale,” Cassie Craddock, Managing Director, UK & Europe at Ripple, said. The CASP authorization adds to Ripple's existing EU Electronic Money Institution license, bringing its global portfolio to more than 75 regulatory licenses. The authorization comes days after the MiCA framework completed its final transition period on July 1.