Ripple and XRP Are Now Legally Permitted In Europe. Here’s the Proof

Ripple has secured full MiCA compliance in the EU, closing a loop that started long before most people were paying attention. The company confirmed it has received its Crypto-Asset Service Provider license from Luxembourg’s CSSF, making it fully compliant under Europe’s crypto rulebook.

Crypto researcher SMQKE (@SMQKEDQG) responded immediately, pointing to years of documented meetings between Ripple and EU regulators as proof this outcome was visible well in advance. He attached agendas from ESMA and the European Banking Authority to make the case.

ESMA’s records show a meeting with Ripple on 8 February 2022 specifically on Markets in Crypto-Assets. A March 2025 EBA log shows Ripple briefing regulators on RLUSD’s progress toward EU issuance. SMQKE has tracked this meeting trail for years as evidence of where the regulatory relationship was headed.

The License

The CASP authorization pairs with the Electronic Money Institution license Ripple already held in Luxembourg. Combined, the two let Ripple run regulated crypto and fiat payment services across all 30 EEA countries through a single integration. Ripple now holds more than 75 regulatory licenses globally.

Binance Still Has Nothing

Binance has no MiCA license as of today. It withdrew its Greek application on June 24 after regulators signaled a rejection was coming. The exchange has suspended new registrations and several services for EU users and says it will reapply through France.

Just over 200 of the 3,000 crypto firms operating in the EU cleared full MiCA authorization before the 1 July deadline. Ripple made that list. Binance, the largest exchange by volume in the world, did not.

What This Unlocks for XRP

The license is a company-level win for Ripple’s payments business first. European banks and fintechs can now move cash and crypto through one Ripple connection across all 30 EEA countries. That infrastructure gives XRP a real path to demand if payment volume starts routing through the XRP Ledger over time.

The regulatory clarity also lines up with SMQKE’s long-standing argument that XRP functions as a utility token under frameworks like MiCA, distinct from securities-style crypto assets. The MiCA Crypto Alliance already lists Ripple among the institutions shaping MiCA compliance.

Ripple’s post said it is ready to meet European demand. With full authorization now secured, Ripple has the regulated foundation to scale RLUSD and XRP-based settlement across the EU.

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