Deep Tide TechFlow News, June 23 — Ripple received a preliminary license as a crypto service provider from the Luxembourg Financial Supervisory Authority, laying the foundation for launching Ripple Payments in the European Economic Area and complying 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 integration.

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