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The executives of several cryptocurrency companies have noticed some attention from the regulatory committees in the Member States United: a token under the magnifying glass is the Ripple XRP and, with the new company report released recently, the company could not be happier, while it is true that many are nervous when it comes to Regulations spoken, the people of Ripple are waiting to see the natural progression that is going to happen in the cryptocurrency industry.
Ripple does not see the rules as unwanted chains, trying to keep the crypto, they see it as the way things are supposed to develop into a somewhat unstable ecosystem. The company took a big hit this last second quarter, the company tried to get back on its feet. Ripple is now trying to give it
As the saying goes, no advertising is bad publicity, and that's exactly how Ripple is taking it. Hard times are used to reinforce the Ripple brand to keep it at the top of the list as a quality cryptocurrency.
While regulators are starting to get involved, it is a good sign for the industry as it represents growth. The new regulations are healthy for industry, businesses and users in need of security where most areas are now confused, with little or no guarantee of trust or security. Corry Johnson of Ripple heard the following:
"One person's regulation is the protection of another person, I think it's really important to protect investors … We've seen what happens when there are no protections for We have seen investors lose so much money and we have seen in the world of cryptography, we have seen really bad actors involved, so we are thrilled that the regulators are involved. "
The XRP token is now one of the first tokens to be regulated with restrictions. The regulation came in the form of Bitlicense, to create a cryptocurrency trading facility in New York.
Allows Ripple to sell both its tokens, XRP and XRP II, with the hope of restoring some of the company profits in the rest of 2018. Although in the second quarter it was a blow to the # 39; company, with a sales decline of over 50%, Ripple is still confident about what will happen for the rest of the year.
The new move in the regulations will help keep the United States in the loop, previously thought to be late in recent years. There was much concern from the industry that the United States would be left behind before the news of the regulatory commissions had taken action on licenses of cryptocurrencies deemed worthy of trade in the country.
Johnson also stated:
"One person's regulation is the protection of another person … I think it's really important to protect investors … We've seen what happens when there are no protections for We have seen investors lose so much money and we have seen in the world of cryptography, we have seen some really bad actors involved, so we are thrilled that regulators are involved. "
The United States they believe that some analysts are behind the rest of the world for 4-5 years in terms of cryptocurrency regulations.
Is regulation the right move for cryptocurrency? Leave your thoughts in the following section.
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