Source: CryptoNewsNet
Original Title: Ripple wins early money license nod in Luxembourg for Europe expansion
Original Link:
Fintech firm Ripple is expanding its regulatory footprint in Europe after receiving what it described as a preliminary authorization for an e-money license in Luxembourg, a step that could help it scale regulated digital-asset payment services across the European Union.
The blockchain-based payments firm said Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), has issued an initial approval for an Electronic Money Institution (EMI) license.
Ripple characterized the decision as a “green light” toward full authorization, subject to remaining conditions.
If completed, the EMI license would allow Ripple to provide regulated payment services involving stablecoins and other digital assets across the European Union via passporting, using Luxembourg as a base to serve other member states under harmonized rules.
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Ripple wins early money license nod in Luxembourg for Europe expansion
Source: CryptoNewsNet Original Title: Ripple wins early money license nod in Luxembourg for Europe expansion Original Link: Fintech firm Ripple is expanding its regulatory footprint in Europe after receiving what it described as a preliminary authorization for an e-money license in Luxembourg, a step that could help it scale regulated digital-asset payment services across the European Union.
The blockchain-based payments firm said Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), has issued an initial approval for an Electronic Money Institution (EMI) license.
Ripple characterized the decision as a “green light” toward full authorization, subject to remaining conditions.
If completed, the EMI license would allow Ripple to provide regulated payment services involving stablecoins and other digital assets across the European Union via passporting, using Luxembourg as a base to serve other member states under harmonized rules.