Ripple Wins Preliminary Luxembourg License Days After Receiving UK Approval

Ripple secured preliminary approval for an Electronic Money Institution (EMI) license in Luxembourg on Jan. 14. This marks its second major European regulatory milestone in less than a week. The Commission de Surveillance du Secteur Financier (CSSF) issued a “Green Light Letter” to the enterprise blockchain firm. This designation indicates that the regulator has completed its legal review of the application. The company must now fulfill specific operational requirements to receive final authorization. ...