Whereas Bitcoin and altcoins proceed their sideways motion, developments associated to MICA, probably the most talked-about subjects within the cryptocurrency market, proceed to unfold.
The most recent information comes from Ripple. The corporate behind the altcoin XRP introduced immediately that it has obtained a Crypto Asset Service Supplier (CASP) license in Luxembourg beneath the European Union’s Crypto Asset Markets (MiCA) regulation.
On this context, Ripple introduced that it has obtained full Crypto Asset Service Supplier (CASP) authorization from Luxembourg’s CSSF beneath the EU’s MiCA framework.
This approval follows its preliminary authorization in June and permits Ripple to supply regulated crypto providers in all 30 international locations of the European Financial Space.
Cassie Craddock, Ripple’s Common Supervisor for the UK and Europe, acknowledged, “This CASP authorization means Ripple is getting into the post-MiCA period absolutely compliant and scalable. The organizations we work with throughout Europe wish to develop digital asset providers alongside regulated companions, and Ripple is licensed and able to meet that demand.”
Ripple additionally acknowledged that it holds greater than 75 regulatory licenses globally.
It’s official: Ripple has obtained its EU CASP license. We at the moment are absolutely MiCA-compliant and able to meet rising European crypto demand https://t.co/I9GRgvfGzH
— Ripple (@Ripple) July 6, 2026
Binance Didn’t Receive a License!
In distinction, Binance, the world’s largest cryptocurrency trade, has been unable to acquire a license beneath the European Union (EU) MICA. Consequently, Binance is suspending its buying and selling providers in some European international locations, together with France, as a consequence of its lack of a MICA license.
On this context, Binance suspended its spot and margin buying and selling providers for customers in affected international locations ranging from Might 1st, when the MICA rules absolutely got here into impact. Presently, customers can withdraw cryptocurrencies however can not make new transactions.
MICA is laws launched to create a unified regulatory framework for crypto property throughout the EU, and in precept, unlicensed exchanges can not present buying and selling providers within the area. On this regard, main international exchanges, together with Binance, are present process licensing processes to satisfy regulatory necessities.
*This isn’t funding recommendation.
