Ripple Gets MiCA Approval Across 30 EU Countries, But XRP Plunges To $1.10

Ripple secured preliminary MiCA approval across all 30 EU countries Monday while XRP (CRYPTO: XRP) plunged to $1.10, down 10% over the past week.

Ripple’s CASP License Unlocks Full Payments Access Across Europe

Luxembourg’s financial regulator, the CSSF, issued Ripple a preliminary “Green Light Letter” for its Crypto Asset Service Provider license under the EU’s MiCA framework.

Combined with Ripple’s existing Electronic Money Institution license, the approval lets European banks, fintechs, and corporates access Ripple’s full crypto and stablecoin payments infrastructure through a single integration for the first time.

“MiCA has helped to unlock a new wave of institutional digital assets adoption, and we are seeing that demand accelerate across the region,” said Ripple Managing Director for UK and Europe Cassie Craddock.