Ripple announced it has received full authorization under the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework, after Luxembourg’s financial regulator granted the company a Crypto Asset Service Provider (CASP) license. This approval comes at the close of the EU’s MiCA transitional period, allowing Ripple to offer regulated crypto services across the entire European Economic Area (EEA).

The CASP license complements Ripple’s existing Electronic Money Institution license, positioning the company among a select group of digital asset firms fully licensed under MiCA. With this authorization, Ripple now holds more than 75 regulatory licenses worldwide, including one from the UK’s Financial Conduct Authority obtained earlier this year. Ripple’s managing director for the UK and Europe emphasized that this achievement equips the company to operate fully compliant and scale its services in the post-MiCA environment.

The EU’s MiCA framework, which entered enforcement after its transition phase ended, mandates that all crypto-asset service providers obtain licensing or cease regulated activities within the bloc. MiCA streamlines regulatory compliance by enabling licensed entities to passport their services across all member states on a single registration. However, enforcement authority lies primarily with national regulators, causing some variability in implementation across countries.

Recent updates from the European Securities and Markets Authority (ESMA) show a rising number of licensed crypto firms, with the register growing from 243 to 280 companies in just one week. New entrants include major financial and digital asset players such as Standard Chartered and FalconX. Conversely, not all major crypto companies have met the deadline; Binance withdrew its MiCA application in Greece and announced plans to seek authorization elsewhere within the EU while adjusting to the new regulatory environment.

National regulators are already acting on the new framework. Belgium’s Financial Services and Markets Authority has publicly identified several crypto firms operating without authorization and warned consumers accordingly. This exemplifies the EU’s shift toward stricter oversight of crypto service providers under MiCA, aimed at increasing transparency and investor protection within a unified regulatory structure across Europe.