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Ripple Payments Europe obtained a full Crypto Asset Service Provider license from Luxembourg’s regulator, joining 14 new firms on the EU MiCA register and bringing the total authorized crypto providers to 294.
The Crypto Frontiers Editorial Desk · Published July 19, 2026 at 12:00 PM UTC · Updated July 19, 2026 at 12:45 PM UTC
Ripple Payments Europe obtained a full Crypto Asset Service Provider license from Luxembourg’s regulator, joining 14 new firms on the EU MiCA register.
The European Securities and Markets Authority (ESMA) maintains a central register of firms that hold a Crypto Asset Service Provider (CASP) licence under the EU’s Markets in Crypto‑Assets (MiCA) framework. Ripple Payments Europe was entered onto this register after receiving full authorisation from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). The addition came together with 14 other firms, pushing the total count of authorised crypto providers across the bloc to 294.
The 14 new entries span ten European countries and include a mix of banks, exchanges, payment providers, and Bitcoin‑focused platforms. Notable newcomers are Portugal’s Bison Bank, Croatia’s state‑owned Hrvatska poštanska banka, Liechtenstein’s Kaiser Partner Privatbank, and two German cooperative banks. The register already lists heavyweight institutions such as BBVA, CaixaBank, Commerzbank and Standard Chartered Luxembourg, illustrating that traditional finance is increasingly building regulated crypto capacity in Europe.
Under MiCA, a CASP licence unlocks passporting rights that allow a single national approval to operate across the entire European Economic Area, covering roughly 30 jurisdictions. Ripple’s CASP licence pairs with its existing electronic money institution (EMI) licence in Luxembourg. Together, the two permissions enable European banks, fintechs and corporates to collect, exchange and pay out using Ripple’s payment rails through a single integration, streamlining cross‑border crypto‑fiat transactions.
The regulatory win is more significant for Ripple’s infrastructure than for the price of its native token, XRP. XRP, which settles transfers on the XRP Ledger, continues to trade near $1.07 with a market capitalisation above $67 billion, down roughly 3.5 % over the past 24 hours. The token remains about 70 % below its all‑time high of $3.65, underscoring that licensing progress has not yet driven price momentum.
For Ripple’s dollar‑pegged stablecoin, RLUSD, the CASP licence is crucial. MiCA classifies stablecoins separately and permits only credit institutions or EMI‑licensed entities to issue them in Europe. Holding both the CASP and EMI licences places Ripple in this narrow group, positioning RLUSD for a potential fully regulated European launch, though no official announcement has been made.
The pace of new entries onto the MiCA register has noticeably decelerated. ESMA added 37 providers on July 3, shortly after the MiCA transitional period closed, whereas only 14 firms were added in the most recent update. Market reaction to Ripple’s latest licensing milestone was muted; XRP’s price remained stable, and broader crypto markets showed little movement.
Ripple’s expanded regulatory footprint across Europe enhances its ability to offer compliant crypto‑payment services and could eventually boost transactional demand for XRP as more institutions adopt its payment rails. However, the immediate effect on the token’s price appears limited, and the timeline for an EU‑wide RLUSD rollout remains uncertain.
In summary, Ripple Payments Europe’s inclusion on the MiCA register solidifies the company’s regulated presence in the EU, provides extensive passporting capabilities, and lays groundwork for future stablecoin initiatives, even as market pricing for XRP stays largely unchanged.
South Korea’s financial regulator announced that 40 crypto manipulation investigations were conducted in the past two years, underscoring heightened enforcement under the Virtual Asset User Protection Act.
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Dunamu, the parent of Upbit, is under a sanction process nearly eight months after a $30 million hack, but South Korea’s crypto law offers no direct penalties for hacking or IT failures, leaving the severity of any sanctions unclear.
One year after the GENIUS Act was enacted, U.S. regulators have still not met the deadline to draft stablecoin regulations, which are slated to take effect in July 2028, leaving uncertainty for issuers like Tether's USDT.
