Ripple has obtained preliminary approval as an EMI (Electronic Money Institution) in Luxembourg. This development means that Ripple can legally provide regulated digital payment services within the EU. The license represents an important breakthrough for blockchain payment companies within the traditional financial regulatory framework, expanding compliant pathways for cross-border payments and blockchain applications. It also reflects Europe's gradual recognition of innovative payment technologies and the EMI regulatory system's increasing openness to digital asset service providers.
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WinterWarmthCat
· 16h ago
This move by Luxembourg seems to suggest that traditional finance is also starting to bow and scrape? Ripple's compliance approach is somewhat impressive, but it's only preliminary approval... Let's wait until it is officially implemented before making any conclusions.
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GateUser-addcaaf7
· 01-14 15:05
It was about time. Ripple has finally established a foothold in Europe. The path of compliance still needs to be followed.
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0xDreamChaser
· 01-14 15:03
Haha, Ripple finally got it? This move in Luxembourg is quite clever.
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MoonlightGamer
· 01-14 14:40
Luxembourg has taken a good step, and Ripple finally has a legal status. Europe's open attitude is indeed much faster than the United States.
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MidnightMEVeater
· 01-14 14:38
Another game of "initial approval" — European financial regulators are really skilled at this sandwich play.
Ripple has obtained preliminary approval as an EMI (Electronic Money Institution) in Luxembourg. This development means that Ripple can legally provide regulated digital payment services within the EU. The license represents an important breakthrough for blockchain payment companies within the traditional financial regulatory framework, expanding compliant pathways for cross-border payments and blockchain applications. It also reflects Europe's gradual recognition of innovative payment technologies and the EMI regulatory system's increasing openness to digital asset service providers.