Ripple has received preliminary approval from the Luxembourg financial regulator CSSF for an Electronic Money Institution (EMI) license. This is a key step in its European expansion strategy, enabling the company to offer regulated stablecoin and digital asset payment services across the EU through the "passport" mechanism. Following the announcement, the XRP price rose nearly 4% to $2.14. Not long ago, Ripple also obtained a similar license in the UK, and this approval highlights its emphasis on viewing compliance and regulation as a competitive advantage.