Ripple on Monday secured full Electronic Money Institution approval from Luxembourg’s financial regulator, pushing its global license count past 75, but XRP (CRYPTO: XRP) plunged to $1.64 despite the regulatory milestone.

The Luxembourg EMI License

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

This allows Ripple to scale its payments and digital asset services across the entire European Union.

Building on recent momentum, Ripple received both an EMI license and crypto asset registration from the UK’s Financial Conduct Authority last month. 

The UK approval came…

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