Ripple announces that the Luxembourg financial regulator CSSF has granted preliminary approval for its Electronic Money Institution (EMI) license, which will become effective once remaining conditions are met; this license will allow Ripple to operate as a Luxembourg-based entity and provide regulated payment services involving stablecoins and other digital assets through the EU passport mechanism; Ripple is also applying for a Crypto Asset Service Provider (CASP) license under the EU MiCA framework; last week, its UK subsidiary received approval related to electronic money and crypto asset activities. (CoinDesk)