Ripple Expands European Regulatory Footprint with Preliminary EMI Approval in Luxembourg

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The Luxembourg progress follows closely on the heels of Ripple’s recent regulatory win in the UK. Last week, the company confirmed that its local subsidiary, Ripple Markets UK, secured both an EMI license and crypto-asset registration from the Financial Conduct Authority (FCA). Despite the approval, Ripple’s native token has not reacted positively.

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