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Ripple has secured another license, this time in Luxembourg, showcasing the company’s focus on expanding toward the European market.
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Ripple announced that they’ve managed to secure their preliminary Electronic Money Institution license approval from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.
In a nutshell, this license, once granted in full, will allow Ripple to issue digital cash, also commonly referred to as e-money, and provide digital payment services like digital wallets, prepaid cards, processing payments, money transfers, and more, within the jurisdictions regulated by the CSSF.
It’s important to note that the company has recently secured registration with the United Kingdom’s Financial Conduct Authority (FCA) in recognition that it meets its anti-money laundering regulations. All signs are there: the company is expanding to European markets with full force.
The announcement also reads:
Moreover, speaking on the matter was Cassie Craddock, VP and Managing Director at Ripple for the UK & Europe, who said:
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Source: https://cryptopotato.com/ripple-secures-preliminary-electronic-money-institution-license-in-luxembourg/
