In today’s XRP news, Ripple received a preliminary “green light letter” for its Crypto Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), the country’s financial regulator, under the European Crypto Asset Markets Regulation (MiCA), announced on June 23, 2026.
The approval, still subject to final conditions, covers all 30 countries of the European Economic Area and comes just eight days before the July 1, 2026 deadline, after which unlicensed crypto companies operating in the EU break MiCA rules.
This positive news for Ripple came as XRP fell -2.9% overnight and sits on support at $1.10 with a daily trading volume of $1.56 billion as the broader market continues to bleed.
Ripple obtains MiCA license in Luxembourg to serve all 30 EEA countries
Ripple (@Ripple) has received preliminary CASP approval from Luxembourg’s financial regulator, the CSSF, under the EU MiCA.
The green light gives Ripple regulated access to all 30 European markets… pic.twitter.com/2R119uGJZe
– BSCN (@BSCNews) June 23, 2026
EXCLUSIVE: Join 99Bitcoin’s 1,000 USDT Airdrop on ByBit
What the CASP License Really Unlocks
The CASP license, which allows companies to provide crypto asset services, including exchange, transfer and custody, on behalf of customers, is the second element of a two-part regulatory structure that Ripple has implemented in Luxembourg.
Combined with its existing European Electronic Money Institution (EMI) license, this means European banks, fintechs and businesses can access Ripple’s full payments stack for the first time, collect, exchange and pay – through a single integration.
This combination is important for RLUSD, Ripple’s stablecoin, whose circulation had exceeded $300 million in the first quarter of 2026, according to DeFiLlama. The paired EMI and CASP authorizations create a pathway for European customers to issue and redeem RLUSD under MiCA’s stablecoin.
Ripple Payments, the cross-border crypto payments platform that underpins these services, has processed more than $100 billion in volume to date and operates in more than 60 markets worldwide, according to Ripple.
Approval is preliminary and not final. A green light letter is the signal from the CSSF that a company has met the substantive requirements, but full authorization, and with it, the ability to formally issue a passport for services across the EEA, only follows once all remaining conditions are met. Ripple went through this same two-step process with its EMI license: green light in January 2026, full authorization on February 2, 2026.
GM CT!$XRP is approaching a long-term descending trendline that has already served as a key reaction zone on several occasions.
A successful defense could trigger a strong reversal, while a breakdown could open the door to lower levels.
pic.twitter.com/ipTxBBBrPc
– Crypto Corail (@Crypt0_Coral) June 23, 2026
DISCOVER: The best Meme Coin ICOs to invest in 2026
XRP News: MiCA Deadline Timeline
MiCA’s CASP rules took effect on December 30, 2024, with a transition period until July 1, 2026. As of mid-2026, approximately 83% of EU crypto companies had not obtained MiCA licenses, leaving Ripple among approximately 210 compliant companies and giving it a competitive advantage in EU institutional crypto regulation.
Cassie Craddock, managing director UK and Europe at Ripple, noted growing institutional demand as banks and fintechs develop digital asset capabilities. Ripple’s European partner, AMINA EU, received its CASP license from the Austrian FMA in October 2025, strengthening Ripple’s customer base.
Matthew Osborne, head of policy for the UK and Europe at Ripple, praised Luxembourg’s regulatory environment, highlighting its expertise in cross-border financial services.
Ripple’s licensing strategy has led to the receipt of over 75 global regulatory licenses, including an EMI license and cryptoasset registration with the UK FCA in January 2026. Compliance challenges under MiCA vary among EU crypto companies, depending on their business models and regulatory context.
EXPLORE: Best Crypto Presales with Asymmetric Upside Potential in Today’s Market
The post Ripple joins 210 MiCA-compliant companies days before EU deadline appeared first on 99Bitcoins.
