Ripple has made no secret of its desire to be a global payments player, including with its RLUSD stablecoin, with Europe representing a crucial market for this expansion. To comply with MiCA crypto regulations across the European Economic Area (EEA), the company must register as an electronic money institution (EMI). Industry sources indicate Ripple has applied for an EMI license in Luxembourg, which would enable operations across all 30 EEA countries.
Supporting this move, Ripple incorporated Ripple Payments Europe SA in Luxembourg in April. Three senior UK personnel are listed as administrators, including Chris Myers, Senior Counsel for EMEA operations, who would oversee the EMI application with Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF).
Recent job postings provide additional evidence of Ripple’s EU stablecoin ambitions. While the company officially operates from San Francisco, New York, London and Singapore, it has been advertising roles in Toronto, Geneva and Luxembourg. Notable positions include a “Product controller Payments and Stablecoin” role in Luxembourg and current openings for anti money laundering and compliance staff.
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