Ripple Backs Global Regulations For Cryptocurrency Exchange

Cryptocurrency businesses could be entering a landmark year for global regulatory standards, industry leaders believe — a welcome development for those hoping legal certainty will drive mainstream adoption.

“There were the early adopters, then fear and uncertainty, when there were calls made for an outright ban,” said Sagar Sarbhai, Ripple’s head of regulatory relations for the Asia-Pacific and Middle East regions.

“Now we’re entering into a more mature phase, where regulators are thinking of global coordination.”

One of only a handful of cryptocurrency firms that have already gained noteworthy market traction, Ripple has developed two offerings for cross-border payments: one that uses cryptocurrency and one that does not.

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