Ripple has received authorisation for its Electronic Money Institution (EMI) licence, granting the company full EMI status in the European Union.
The licence was granted by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).
“Securing our full EMI licence in the EU is a transformative milestone that reinforces Ripple’s presence at the heart of European finance,” said Cassie Craddock, managing director, UK and Europe, at Ripple.
The authorisation follows Ripple’s preliminary EU licence last month, after which it fulfilled all conditions required by the CSSF.
“Europe has always been a strategic priority for us, and this authorisation allows us to scale our mission of providing robust, compliant blockchain infrastructure to clients across the EU. We are now better positioned than ever to help European businesses transition into a more efficient, digital-first financial era,” Craddock added.
The EU license comes just one month after Ripple secured an EMI authorisation from the Financial Conduct Authority, enabling it to scale its operations in the UK.
The company now has more than 75 regulatory licences around the world, making it one of the most licensed crypto companies.
