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Ripple receives preliminary approval for Luxembourg crypto asset service provider license

MarsBitNews
Mars Finance News, according to official sources, Ripple announced that it has received preliminary approval from the Luxembourg Financial Supervisory Authority for a crypto asset service provider license, paving the way for the launch of Ripple Payments in the European Economic Area and full compliance with MiCA standards. The preliminary approval will take effect once final conditions are met. Combined with Ripple's existing electronic money institution license, European financial institutions can access Ripple's crypto asset and stablecoin payment infrastructure through a single integrated platform.
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