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Ripple receives Luxembourg EMI license approval, XRP rises by 4% in response
【Crypto World】Another good news is here. Ripple has received preliminary approval for an Electronic Money Institution (EMI) license from the Luxembourg financial regulator CSSF. This is not just a piece of paper, but a key to opening the EU market — through the “passport” mechanism, Ripple can officially provide regulated stablecoin and digital asset payment services across the entire European Union.
Once the news broke, XRP did not disappoint investors, soaring to $2.14, an increase of nearly 4%. It’s worth noting that not long ago, Ripple also obtained a similar regulatory license in the UK. Continuous approvals in the European market reveal Ripple’s confidence in its compliance strategy — viewing regulation not as a cost but as a competitive barrier. While the entire Web3 ecosystem is still exploring how to cooperate with regulators, Ripple has already turned compliance into its own advantage.