Published On: Mon, Apr 16th, 2018

Ripple Likes Regulation, Requests More from the UK

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Ripple, the most centralized cryptocurrency among the market leaders, has asked regulators in the UK to follow Japan’s example by ramping up the rules and acting to corral the untamed cryptocurrency market.
Ripple Likes Rules
As reported by The Telegraph, Ripple’s head of regulatory relations, Ryan Zagone, has requested that UK regulators find the sweet spot between “capturing risk and enabling innovation,” while specifying three “pillars” for lawmakers to focus their regulations on – consumer protection, anti-money laundering, and financial stability. He stated:
We’re at that time now where we need more clarity and rules and we need more certainty. It’s a good time to start revisiting that ‘wait and see’ ­approach taken by regulators.
Ripple, which works with central banks and other traditional financial institutions, is set to benefit the most from increased regulatory measures enacted by such institutions.

Zagone also calls on British regulators to emulate the Japanese model of cryptocurrency regulation — which is leaps ahead of the rest of the world.
Taking the Lead
Following the high-profile heist of leading Japanese cryptocurrency exchange Coincheck earlier this year & …

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