Ripple gains full EU electronic money licence in Luxembourg

Group 1 - Ripple has secured full authorisation as an Electronic Money Institution (EMI) from Luxembourg's financial regulator, CSSF, after meeting all regulatory requirements [1] - The EU licence extends Ripple's regulatory footprint, adding to its existing EMI licence and Cryptoasset Registration from the UK's Financial Conduct Authority, bringing the total to over 75 licences globally [2] - The managing director for UK & Europe stated that the full EMI licence in the EU is a transformative milestone, enhancing Ripple's presence in European finance [2][3] Group 2 - Europe is a strategic priority for Ripple, and the new authorisation allows the company to scale its mission of providing compliant blockchain infrastructure to clients across the EU [3] - Ripple raised $500 million in November at a valuation of $40 billion, indicating strong investor confidence and regulatory progress [3][4] - The company has been active in acquisitions, agreeing to a $1 billion deal for GTreasury and a $200 million deal for Rail, enhancing its payment infrastructure [4][5]