Ripple Receives Initial CASP Approval in Luxembourg
On June 23, Ripple obtained the CSSF’s initial CASP approval in Luxembourg via a “green light letter.”
According to NS3, it is possible to approve the corresponding arrangement for Ripple’s EMI license in Luxembourg under certain conditions, provided it is done before the deadline of July 1, when full MiCA authorization will be required.
Ripple still needs to demonstrate that its Luxembourg entity has the capability to provide payment, custody, transfer and stablecoin services.
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