Ripple receives full MiCA (Mini-Asset Provider License) from Luxembourg CSSF.
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Ripple has been fully licensed by MiCA CASP and can provide crypto asset services in 30 EEA countries.
According to Mars Finance, The Block reports that Ripple has announced it has received full MiCA CASP (Crypto Asset Service Provider) authorization from Luxembourg's financial regulator CSSF, allowing it to legally provide crypto asset services in all 30 countries of the European Economic Area.
One week after the full implementation of the EU's MiCA (Military Qualification and Control) system, 21 stablecoin issuers and over 270 crypto service providers have obtained regulatory qualifications.
According to Odaily Odaily, Patrick Hansen, Senior Director of EU Strategy and Policy at Circle, cited MiCA provisional registration data from the European Securities and Markets Authority (ESMA) to release statistics on compliant institutions one week after the full implementation of the regulations. Currently, there are 21 authorized electronic money token (EMT) issuers in the EU, distributed across 12 member states, issuing a total of 35 EMTs pegged to 8 fiat currencies. France continues to lead other member states with 6 licensed issuers. Meanwhile, the number of approved asset reference token (ART) issuers remains at 0, while the total number of registered crypto asset service providers (CASPs) under the MiCA framework has exceeded 270.
AI capital rotation, the full implementation of MiCA, and stablecoin competition are the focus of the market this week.
According to Mars Finance, on July 5th, discussions in the digital asset industry this week mainly revolved around AI, the EU's Crypto Asset Market Regulation Act (MiCA), stablecoins, and Bitcoin. Regarding AI, many industry insiders believe that current market funds are shifting from digital assets to AI infrastructure construction. In the future, the value of the AI industry will likely be captured more by application layer and infrastructure providers, rather than solely by large model developers. Furthermore, some believe that if the US government acquires a stake in OpenAI, it could further exacerbate the trend of AI industry consolidation. On the regulatory front, with the official end of the MiCA transition period, EU crypto asset service providers will need to obtain full MiCA licenses to continue operating. Industry insiders believe that regulatory compliance will gradually become a significant competitive advantage for European crypto payment and digital asset service providers. Regarding stablecoins, the industry continues to focus on the newly launched OpenUSD (OUSD). Analysts believe that its ecosystem network, involving over 140 institutions including Visa, Mastercard, Stripe, Coinbase, BlackRock, and BNY, is poised to challenge the existing stablecoin market structure, such as USDC, by leveraging its distribution advantages. However, some argue that OUSD still faces challenges such as liquidity cultivation and governance coordination. Regarding Bitcoin, market opinions are divided on the recent capital operations of Michael Saylor's Strategy. Some analysts believe the company's recent financing arrangements suggest it may still need to sell Bitcoin to meet future funding needs; others believe this move effectively alleviates market concerns about liquidity and default risk, constituting a proactive risk management measure.
Gemini receives Singapore payment license for crypto services
Gemini’s local entity is authorized to provide digital payment token and cross-border money transfer services without standard transaction-volume limits.
Crossmint has obtained a MiCA license and a payment institution license.
According to Foresight News , stablecoin infrastructure provider Crossmint has obtained a MiCA license and a Payments Provider (PSD2) license from the Spanish National Securities Market Commission, enabling it to operate independently as a stablecoin payment provider for its partners in EU countries without having to work with multiple licensed partners separately.
Both Revolut Crypto and Revolut X have obtained MiCA compliance licenses.
According to Foresight News , Revolut tweeted that both Revolut Crypto and Revolut X have obtained MiCA compliance licenses in Europe. Their European Economic Area (EEA) cryptocurrency services are provided by Revolut Digital Assets Europe Ltd (RDAEL), a privately held company registered in Cyprus, which has obtained a crypto asset servicer license (license number: 001/2025) issued by CySEC under MiCA.