Luxembourg

Ripple is moving closer to regulatory approval in the European Union after securing preliminary progress through Luxembourg under the bloc’s MiCA framework. The development could allow Ripple to expand its stablecoin payments and wider crypto services across EU markets.

Ripple receives early approval for an e-money license in Luxembourg, paving the way for regulated stablecoin and crypto payment services across the European Union.

Luxembourg’s sovereign wealth fund (FSIL) becomes the first Eurozone nation fund to allocate 1% of its portfolio to Bitcoin ETFs. Under revised rules, up to 15% may now go to alternatives including crypto.