Ripple announced that the Luxembourg financial regulator, CSSF, has granted preliminary approval for its Electronic Money Institution (EMI) license, which will take full effect once remaining conditions are met; the license will allow Ripple to operate from Luxembourg and offer regulated payment services involving stablecoins and other digital assets across the EU via the passporting mechanism; Ripple is also applying for a Crypto Asset Service Provider (CASP) license under the EU’s MiCA framework; last week, its UK subsidiary received approvals related to electronic money and crypto asset activities