Ripple Seeks MiCA License to Expand Crypto Services Across Europe

Sean Williams
Ripple

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Key Takeaways:

  • Ripple is actively pursuing MiCA compliance through a Luxembourg-based entity to expand crypto services in the EU.
  • Luxembourg is emerging as a MiCA licensing hub, attracting top crypto firms like Coinbase and Bitstamp.
  • Ripple is driving innovation in the U.S., joining California’s Breakthrough Project to modernize government services.

Ripple has officially confirmed its intention to secure a Markets in Crypto Assets (MiCA) license, aiming to expand its crypto and stablecoin offerings across the European Economic Area (EEA). With this move, the blockchain payments company joins a growing list of firms that are embracing clear regulatory frameworks in Europe.

According to a company spokesperson, Ripple aims “to become MiCA-compliant,” recognizing Europe as a key part of its global growth strategy. MiCA, adopted in June 2023, provides comprehensive legal clarity for digital asset issuers and service providers operating in the EU.

Ripple’s strategic efforts include the April 2025 launch of Ripple Payments Europe S.A., a Luxembourg-based legal entity intended to serve as the foundation for its MiCA ambitions. While unconfirmed, reports suggest Ripple may also be exploring an electronic money institution license in Luxembourg.

Luxembourg Becomes Hotspot for MiCA Licensing

Luxembourg is rapidly establishing itself as a regulatory hub for MiCA-compliant firms. Coinbase received its MiCA license there in June, designating Luxembourg as its EU headquarters. Other companies, such as Bitstamp and Clearstream Banking, have also obtained MiCA-aligned licenses in the country.

In parallel, Standard Chartered launched crypto services in Europe after pursuing a digital asset license in Luxembourg. Despite this momentum, the nation remains cautious. A May 2025 national risk assessment categorized virtual asset service providers as high risk for money laundering.

Ripple’s decision to base its EU operations in Luxembourg underscores the country’s growing relevance in the crypto regulation landscape.

Ripple Joins California’s Breakthrough Project

Beyond Europe, Ripple is also contributing to innovation at home. The company recently participated in the California Breakthrough Project, a new initiative led by Governor Gavin Newsom to drive public-private collaboration in government services.

Ripple hosted the task force’s first meeting on June 6 at its San Francisco headquarters. Notable participants included Coinbase, MoonPay, Snapchat, Instacart, Anduril, and prominent investor Ron Conway. The group’s goal is to streamline public services and foster government efficiency through tech innovation.

Also Read: Ripple Expands UAE Push with Ctrl Alt Deal: Real Estate Tokens Now Sold from Just $545

XRP Price Surges Amid Positive Developments

Amid regulatory and institutional momentum, XRP has seen a significant price increase, jumping over 26% in the past week from $2.30 to $2.93. This surge comes despite a 28% decline in 24-hour trading volume, indicating strong investor confidence and accumulation.

Ripple’s regulatory strategy and broader market participation may be fueling optimism among investors, especially as the firm gains traction in both the EU and U.S. markets.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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