Ripple scored another regulatory win this week, announcing it has received a preliminary Electronic Money Institution (EMI) approval from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). The move comes just days after the company secured an EMI license and Cryptoasset Registration from the UK’s Financial Conduct Authority (FCA) last Friday. The CSSF’s “Green Light Letter” is a conditional step toward full EMI authorization and signals that Ripple is clearing important regulatory hurdles in Europe. An EMI designation, once fully granted, enables firms to offer e-money and payment services under EU rules — a capability Ripple says will help it scale commercial products across the region. Ripple framed the approvals as part of a broader regulatory push: the company now holds more than 75 regulatory nods around the world, ranking it among the most licensed players in crypto. Monica Long, Ripple’s president, highlighted the importance of EU regulatory clarity: the bloc’s comprehensive digital-asset rules, she said, give financial institutions the certainty needed to move from pilots to large-scale operations. Ripple argues that expanding its licensing footprint and enhancing its payment tech can unlock what it calls “trillions of dollars in dormant capital,” helping modernize legacy financial rails. Cassie Craddock, Ripple’s managing director for the UK and Europe, praised Luxembourg’s approach, saying the CSSF’s supervisory framework positions the country as a hub for financial innovation. She described the preliminary approval as a pivotal step toward offering blockchain infrastructure to clients across the European Union, subject to meeting the CSSF’s conditions for full authorization. Ripple also reiterated the strategic value of the UK market, noting London is its largest office outside the U.S. since 2016. The company has repeatedly invested in the UK through hiring, developer support, and funding initiatives. Ripple’s University Blockchain Research Initiative (UBRI) has committed more than £5 million to UK universities and the firm continues to back local blockchain startups and developer programs. Stuart Alderoty, Ripple’s chief legal officer, called the FCA and CSSF developments “another major step forward,” framing them as momentum for both Ripple and the UK’s broader digital-asset industry. Market reaction has been muted but positive: at the time of writing, XRP traded at $2.1485, up just over 3% in the past 24 hours as crypto markets have shown gains year-to-date. Image: DALL·E. Chart: TradingView.com. Read more AI-generated news on: undefined/news

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