PANews, June 23 – According to official sources, Ripple announced it has received preliminary approval for a Crypto Asset Service Provider license from Luxembourg’s financial regulator, paving the way for the launch of Ripple Payments in the European Economic Area and full compliance with MiCA standards. The preliminary approval will take effect once final conditions are met. Combined with Ripple’s existing Electronic Money Institution license, European financial institutions can access Ripple’s crypto asset and stablecoin payment infrastructure through a single integration.