Ripple MiCA License Granted for Full EU CASP Rollout

Steady attention without excessive speculation.

The Commission de Surveillance du Secteur Financier, or CSSF, granted the Crypto-Asset Service Provider authorization on July 6, 2026. Ripple announced the news at 08:31 UTC, so the license took effect the same day.

What the Ripple MiCA License Covers

The CASP authorization covers core crypto-asset services, and that includes custody, transfer, and exchange functions. Together, these services power Ripple Payments, the firm’s cross-border payments network.

Ripple holds the license through its Luxembourg subsidiary. Because Luxembourg acts as the national competent authority, the CSSF now supervises Ripple’s crypto operations in Europe.

The company earned a preliminary approval first. On June 23, 2026, the CSSF issued a “Green Light Letter.” That step signaled the full authorization to come.

What a MiCA CASP License Requires

A CASP license is not a rubber stamp. Under MiCA, a national regulator reviews a firm’s capital, governance, and conduct before it approves.

The rules also target consumer protection, market integrity, and anti-money-laundering controls. Because crypto sits in high-risk territory, the checks run deep.

MiCA then harmonizes these standards across the bloc. As a result, one approval signals the same baseline of oversight in every member state.

How the Ripple MiCA License Passports Across the EU

MiCA gives one big advantage, and people call it passporting. So a single authorization in any EEA state lets a firm serve all of them.

The Ripple MiCA license therefore reaches 30 EEA countries. That group includes the 27 EU members plus Iceland, Liechtenstein, and Norway.

Before MiCA, firms chased separate licenses in each market. Now Ripple can scale across the bloc from one regulated base, and that cuts cost and complexity.

Why the EMI Pairing Matters for RLUSD

Ripple already held an Electronic Money Institution license in Luxembourg. It secured that EMI approval in full by early 2026, and it now pairs the two.

The combination matters because Ripple Payments moves both crypto and fiat-linked value. The EMI license covers e-money and payments, while the CASP license covers crypto-asset services.

RLUSD, Ripple’s dollar stablecoin, stands to benefit as well. The combined framework supports compliant issuance, redemption, and distribution across Europe, according to Ripple.

Cassie Craddock, Ripple’s Managing Director for UK and Europe, framed the approval as a growth signal.

“This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale. The institutions we work with across Europe are looking to build their digital assets services alongside regulated partners, and Ripple is licensed and ready to meet that demand.”

How XRP and the Market Reacted

Despite the milestone, XRP showed limited immediate reaction. Regulatory wins often move price slowly, and the broader market stayed cautious around the announcement.

The earlier June approval drew a muted response too. At that point, XRP traded near the $1.10 range while the wider market looked weak.

For live figures, readers can check CoinGecko, CoinMarketCap, or TradingView. These trackers show real-time XRP price and volume for July 6.

None of this is financial advice. Always research any asset before you act, and treat regulatory headlines as one factor among many.

How Ripple Reached This Point

Ripple built its EU base over several years. First, it gathered registrations across member states. Then it secured the Luxembourg EMI license.

The MiCA regime later raised the bar for every provider. So Ripple pursued full CASP status to match the new rules.

The preliminary Green Light Letter arrived on June 23, 2026. Two weeks later, the full authorization followed on July 6.

Where the Ripple MiCA License Stands After the Deadline

The timing carries weight. MiCA’s CASP regime took effect on December 30, 2024, and its transitional period ended on July 1, 2026.

After that deadline, firms without full CASP status face limits across the EEA. So Ripple’s July 6 approval places it inside a smaller compliant group.

Rivals such as Coinbase, Kraken, and Bitpanda already hold MiCA authorizations. Ripple now joins that regulated field, and it does so from Luxembourg.

The CSSF and ESMA keep public registers of authorized providers. Ripple’s entry should appear on both once the paperwork settles.

How the Crypto Community Reacted

On X, the reaction leaned bullish. Supporters framed the license as proof that regulatory clarity now favors Ripple and XRP.

Ripple’s own announcement post drew strong engagement. Analysts, meanwhile, focused on the payments and RLUSD upside for institutions.

Still, some voices stayed measured. They noted that one national license, even with passporting, leaves the retail rollout unclear.

What Comes Next for Ripple in Europe

Several questions remain open. For example, Ripple has not detailed the exact rollout timeline or its first live offerings.

The mechanics of RLUSD issuance inside the EU also need more detail. Any extra license conditions remain unclear for now.

Still, the direction looks set. With the Ripple MiCA license in hand, the firm can court European institutions as a regulated partner. Its next moves will show how fast it scales.