Ripple has received full authorization as a Crypto-Asset Service Provider from Luxembourg’s CSSF, completing its compliance under the EU’s MiCA regulation. The upgrade, announced July 6, 2026, replaces Ripple’s preliminary approval and clears the company to offer regulated crypto payment services across all 30 EEA countries. Cassie Craddock, Ripple’s Managing Director for the UK and Europe, said the company now enters the post-transitional MiCA period ready to scale, per Ripple’s X announcement.
From Green Light Letter to Full CASP Authorization
The CSSF issued Ripple a preliminary Green Light Letter on June 23, 2026, according to a press release from Ripple, then converted it to full CASP authorization two weeks later, five days after MiCA’s July 1 enforcement deadline ended transitional arrangements for crypto firms across the EU.
That authorization pairs with the Electronic Money Institution license Ripple secured in February 2026, giving the company a combined fiat and crypto-asset license stack under a single Luxembourg regulator rather than separate approvals in each EEA country.
The timing matters because of how few firms made the cut. Of more than 3,000 companies that had operated under national crypto licensing regimes across the EU, only 280 held CASP authorization as of ESMA’s July 3 register update.
Binance is among the firms that did not qualify in time. For RLUSD, Ripple’s dollar-backed stablecoin that had passed $300 million in circulation by Q1 2026, the CASP and EMI combination adds a MiCA-compliant issuance and redemption path on top of Ripple’s existing NYDFS and Japan FSA stablecoin approvals.
What This Means for European Crypto Users
Banks, fintechs, and corporates in the EEA can now plug into Ripple’s collect, exchange, and payout services through a single regulated relationship, rather than stitching together separate national licenses. For someone using a European exchange or payment app, that lowers the odds of a Ripple-powered service abruptly losing access to your country.
Other firms are racing to close the same MiCA gap, and you can follow how that plays out in our regulation and market news coverage. Ripple’s European partnerships didn’t happen overnight either, and our rundown of Ripple’s EU banking access covers how the groundwork was laid ahead of this authorization.
The Compliance Gap Facing Unauthorized Firms
Firms that missed CASP authorization must halt EEA operations or face enforcement action, and ESMA’s register will keep track of who closes that gap. Watch for additional national regulators to publish their own authorization counts through the rest of July as the remaining unauthorized firms either file for approval or wind down EU operations.
What this means for you: The July 1 deadline has already passed, so if you use a crypto platform based in Europe, checking right now whether it holds full MiCA CASP authorization, not just a national license, is a reasonable way to judge whether it’s actually cleared to keep operating where you live.
