Ripple has received a full license under the European Union’s Markets in Crypto-Assets (MiCA) rules, giving the company permission to provide regulated crypto services across the European Economic Area (EEA).
Ripple said it now holds more than 75 regulatory approvals worldwide after securing a full Crypto-Asset Service Provider (CASP) license under the European Union’s MiCA framework.
The approval is a key step in Ripple’s growth in Europe and expands its ability to serve customers across the region under a single regulatory framework.
The latest authorization builds on the company’s Electronic Money Institution (EMI) license, enabling it to offer regulated crypto-asset services across the EEA. The company had already received preliminary approval for the license in June.
With the final authorization now in place, Ripple joins a small group of digital asset firms that have obtained full MiCA approval.
It also adds to the company’s regulatory progress this year, following authorization from the United Kingdom’s Financial Conduct Authority in January.
Commenting on the milestone, Ripple’s Managing Director for the UK and Europe, Cassie Craddock, said the CASP license means the company is fully aligned with MiCA requirements and is well-positioned to expand its operations across Europe.
EU Tightens Crypto Oversight
The European Union has officially moved into the enforcement phase of its Markets in Crypto-Assets (MiCA) framework after the transition period ended on July 1.
Under the new rules, crypto companies must obtain a license to provide regulated services, with a single MiCA authorization allowing firms to operate across the European Economic Area (EEA). Ripple received its approval shortly after the deadline.
The list of licensed companies is continuing to grow. Among the latest firms to receive authorization were Standard Chartered, FalconX and Sygnum Europe. However, not every crypto company secured approval before the deadline.
Binance exchange withdrew its MiCA application in Greece with plans to seek authorization in another EU member state.
With MiCA now fully in force, companies operating without a license risk penalties or may be required to stop offering regulated crypto services.
While ESMA maintains the register of authorized firms, enforcement is handled by national regulators, meaning the rules may be applied differently across EU member states.
