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The possible regulations of the gov are much appreciated by the start-up of blockchain Ripple and its XRP token. This with the idea of a cool set for the financial solutions provider. As a result, with its vision of grasping adoption and presence across the globe, the team is preparing to create work bases with officials and regulators.
Cory Johnson – Chief of Marketing Strategist at Ripple, during an interview with Fox Business shared his thoughts on it. The strategist has shown that this type of intervention could work at best and is very excited for regulators to intervene in the crypto-verse.
" 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 investors. investors lose so much money and we've seen in the world of cryptography, we've seen some really bad actors involved, so we're thrilled that regulators are involved. "
See also: Ripple Report Q2: sales downward XRP but adoption by increasing customers
Ripple the right to sell the subsidiary XRP II of BitLincese, which is intended for businesses and large institutional investors . The second quarter saw a sharp decline in Ripple's XRP sales compared to the first quarter of the year: sales fell 56%, from $ 167.7 million of XRP sold in the first three months of the year for $ 73.53 million. More worrying is the decrease in market volume, which also saw a decline in 2018 and a sharp decline since the end of 2017, even if Ripple and the encryption in general have reached a level of fever in the interest of the market. and institutional. As mentioned, there is an increase in institutional interest.
In general, institutional investors who purchase XRP II are more interested in monetization or long-term asset appreciation, as opposed to trying to reverse some percentage gains in the market. [19659002] As noted by Mr. Johnson, with the regulatory work that intervenes a safer space would be felt around the cryptocurrency ecosystem. But, a lot of everything can get worse.
When talking about the United States and the cryptocurrency, Cory added:
"Many other countries are moving faster than the United States to try to provide really clear lanes where companies can act – this that is right and what is wrong. "
