Woofun AI reports that Ripple has received a Cryptocurrency Asset Service Provider (CASP) license from the Luxembourg Financial Services Authority (CSSF). This authorization completes the company's compliance obligations under the MiCA regulatory framework.

With this addition to its existing European Money Institution (EMI) license, Ripple can now offer crypto payment products to financial institutions and corporate clients across all 30 European Economic Area countries. The firm stated that this milestone raises its total count of global regulatory licenses to more than 75.