# Ripple's CASP Approval Splits Europe's Crypto Market MiCA compliance process forces crypto firms to either adapt or exit the European market. - **Source:** [News - Cryptonews](https://brifing.si/source/42333b6f-1c05-4a49-9914-7553e71d2223) - **Published:** 2026-07-13 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/701dfe89-e035-4ae6-9bbc-73098d212f26 ## The MiCA Era Begins Ripple completed its MiCA compliance by obtaining CASP authorization from Luxembourg. As of July 1, 2026, the transitional period ended, requiring all crypto firms in Europe to either secure authorization or exit the region. This is creating a clear divide in the market. ## Dual License Strategy Ripple combines an EMI license with CASP authorization to offer end-to-end regulated crypto payment services. This dual approach aligns with MiCA's two regulatory tracks, providing a reliable framework for institutional clients. ## Challenges of Authorization Obtaining CASP authorization is not only costly but also requires robust governance, capital adequacy, and ongoing supervision. For small and mid-sized firms, meeting these requirements poses significant operational challenges. ## Market Implications While 210 firms have completed MiCA compliance, remaining exchanges and service providers must quickly choose between accelerating their authorization or withdrawing from the market. This is reshaping Europe's crypto landscape. ## Global Regulatory Trends MiCA sets a global precedent, with similar frameworks like the CLARITY Act in the US under discussion. Crypto firms are under increasing pressure to revise their strategies in response to tightening regulations. ## Future Scenarios In the post-MiCA era, regulatory compliance is no longer optional for crypto firms in Europe. This process may accelerate industry consolidation, leaving only the strongest players standing. ## Sources covering this story - https://cryptonews.com/news/ripple-casp-authorisation-mica-europe-compliance/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._