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.
Request a Free Trial
As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.Take a Trial