Ripple wins a major regulatory victory in Europe – so why is XRP bleeding?3 min read

On Monday, Ripple received full approval as an electronic money institution from the financial regulator of Luxembourg, bringing its number of international licenses to over 75, but XRP (CRYPTO: XRP) fell to $1.64 despite this regulatory advancement.

The Luxembourg EMI License

The Commission de Surveillance du Secteur Financier of Luxembourg granted Ripple the final EMI authorization, converting the preliminary approval from January 14 into a full license.

This allows Ripple to expand its payment and digital asset services across the European Union.

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XRP

1.4689

+16.63%