Ripple has announced its intention to comply with the European MiCA regulation and strengthen its presence in the European Union. The company aims to secure a license to provide crypto-related services under the new legislation. Ripple acknowledges the potential of the European market and plans to make use of the window of opportunity before the full implementation of MiCA in 2026.
Registration in Luxembourg and Licensing Plans
Ripple confirmed to Cointelegraph that it wants to operate in the European market in line with MiCA. A company representative stated that Ripple is “committed to full MiCA compliance” and sees the region as a “significant opportunity.”
At the end of April, Ripple registered a legal entity called Ripple Payments Europe S.A. in Luxembourg. According to Ledger Insights, the company also filed an application to obtain electronic money institution status in the country. However, Ripple declined to comment on this, stating that it “currently has no updates to share.”
Luxembourg Becomes a Gateway to the EU for Crypto Businesses
Earlier, U.S.-based exchange Coinbase received a MiCA license in Luxembourg, which was officially named its EU headquarters. Similar authorizations were granted by local regulators to Bitstamp and Clearstream Banking, which took part in digital euro testing under the European Central Bank.
Crypto services were also launched in the EU by Standard Chartered - one of the world’s largest banks. It obtained a license in Luxembourg in January 2025 and subsequently began rolling out infrastructure in the region.
Authorities Tighten Oversight of Crypto Companies
Although Luxembourg is becoming a popular entry point for crypto market players, regulators are increasing their scrutiny. At the end of May, local authorities identified virtual asset service providers as high-risk entities in terms of money laundering. This was stated in the national financial crime risk report.
This assessment highlights that even as crypto companies actively integrate into the EU’s financial system, regulatory oversight remains strict.
Following the news and amid a general market recovery, the XRP token rose by 2,26% over the past 24 hours, reaching $2.95.
