🇪🇺 Ripple secures full EMI license in Luxembourg — EU expansion unlocked
Ripple has officially received full authorization as an Electronic Money Institution (EMI) from Luxembourg’s financial regulator (CSSF), clearing the way to scale regulated payment services across the entire European Union.
This license allows Ripple to roll out and expand Ripple Payments, its cross-border payments product designed for banks, fintechs, and enterprises, using blockchain rails under a fully compliant framework. Luxembourg is a key financial hub for EU-wide passporting, making this a strategic base for rapid regional expansion.
The approval comes after Ripple met all regulatory conditions following preliminary approval last month and builds on its recent UK FCA authorization. With this, Ripple’s global license count now exceeds 75, reinforcing its positioning as one of the most regulated players in crypto payments.
As the industry shifts toward institutional adoption and regulatory clarity, Ripple is clearly betting that compliance — not avoidance — is the path to scale in Europe.
🇮🇳 India keeps crypto taxes unchanged — adds penalties instead
India’s 2026–27 Union Budget retained the 30% tax on crypto gains and 1% TDS on trades, disappointing industry players who had pushed for relief to boost liquidity.
Instead of tax reform, the government is tightening compliance rules. From April 1, 2026, entities that fail to properly report crypto transactions will face ₹200/day fines for non-filing and a ₹50,000 penalty for incorrect or uncorrected data.
Officials say the move strengthens transparency, but traders warn the unchanged tax structure continues to hurt activity and push volume offshore, especially for retail participants.