Ripple confirms its intention to apply for a MiCA license to expand in the EU

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PANews reported on July 15 that payment solution company Ripple has made it clear that it intends to apply for a license under the Market in Crypto-Assets Regulation (MiCA) to expand into the European Union market. A Ripple spokesperson stated that the company plans to "comply with MiCA" as it sees "significant opportunities in the European market." This statement was made following Ripple's registration of Ripple Payments Europe SA in Luxembourg at the end of April. On Tuesday, industry media Ledger Insights reported that Ripple has applied for an Electronic Money Institution license in Luxembourg. In response, Ripple neither confirmed nor denied this, only stating that "there is currently no new information."

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