Ripple announced on the 23rd that it has received preliminary approval from Luxembourg's financial regulatory authority, the Commission de Surveillance du Secteur Financier (CSSF), for a cryptocurrency service provider license (CASP license) under the EU's 'Markets in Crypto-Assets' (MiCA) regulation. The approval was granted in the form of a 'green light letter,' which moves Ripple closer to obtaining a full license once final conditions are met.