Ripple Takes a Significant Step Towards Expanding Its Operations in the European Union Market! Here Are the Details

BitcoinSistemi2026/06/23 09:03

By:BitcoinSistemi

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Ripple, a developer of blockchain-based payment solutions, has taken a significant step towards expanding its operations in the European Union market.

The company announced that it has received preliminary approval from the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg’s financial regulatory body, for a Crypto Asset Service Provider (CASP) license, which is required under the European Union’s Crypto Asset Market Regulation (MiCA).

According to a statement by Ripple, the company will obtain a full CASP license after fulfilling the remaining requirements in the licensing process. This will allow Ripple to offer crypto asset services to financial institutions and businesses in 30 countries within the European Economic Area (EEA).

The company already holds an Electronic Money Institution (EMI) license in the European Union. Ripple management stated that the eventual approval of the CASP license would significantly expand their current regulatory authority and allow them to offer more comprehensive services to their customers in Europe.

With the acquisition of the full license, Ripple will be able to offer cryptocurrency and stablecoin-based payment infrastructures under one roof for banks, financial technology companies, and corporate clients. This is expected to particularly increase the company’s competitiveness in the field of cross-border payments.

The MiCA regulation aims to create a common legal framework for the crypto asset sector across the European Union. The new rules will allow companies to operate across Europe with a single license, while also aiming to increase investor protection and market transparency.

Ripple’s preliminary approval is seen as a key part of the company’s growth strategy in Europe. Focusing on expanding its operations in regions with increased regulatory clarity in recent years, the company views Europe as one of the central hubs of its global growth plans.

Industry experts say that if Ripple fully acquires the CASP license, it could accelerate collaborations with banks and financial institutions in Europe and further strengthen its position in the field of corporate crypto payment solutions.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.

华尔街见闻•2026/11/12 03:56

The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners

If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.

The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.

华尔街见闻•2026/11/12 03:46

After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.

智通财经•2026/11/12 03:42

After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%

For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.

智通财经•2026/11/12 02:47