Free Porn
xbporn

1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet 1xbet سایت شرط بندی معتبر 1xbet وان ایکس بت فارسی وان ایکس بت بت فوروارد betforward سایت بت فوروارد سایت betforward 1xbet giriş
HomeBitcoinRipple's Asia Pacific Business Flourishing Despite SEC Lawsuit, Says CEO – Regulation...

Ripple’s Asia Pacific Business Flourishing Despite SEC Lawsuit, Says CEO – Regulation Bitcoin News

-

[ad_1]

Ripple chief executive officer Brad Garlinghouse said Friday that the company’s business in the Asia-Pacific region has not suffered from the ongoing regulatory issues in the U.S.

Ripple’s Business in Asia and Japan Sees Growth

Ripple is facing a $1.3 billion lawsuit from the U.S. Securities and Exchange Commission (SEC). In December, the SEC charged Ripple, creators of the eponymous XRP cryptocurrency, and its top executives with selling unregistered securities since 2013.

The blockchain payments firm denies the charges, but that has not stopped a number of U.S. crypto exchanges, including Coinbase, from delisting XRP, the world’s seventh most valuable digital asset by market capitalization.

Garlinghouse, who is accused of personally gaining up to $600 million from the unregistered sale of XRP in an ICO offering, told Reuters in a Mar. 5 interview that business in areas like Japan was flourishing.

It (the lawsuit) has hindered activity in the United States, but it has not really impacted what’s going on for us in Asia Pacific. We have been able to continue to grow the business in Asia and Japan because we’ve had regulatory clarity in those markets.

CEO Claims the Token ‘Still Traded on Over 200 Exchanges Around the World’

The Asia Pacific region is a major remittance corridor for Ripple and the firm has achieved remarkable results as a remittance solution provider in the region. In Japan, Ripple concluded a joint venture deal with Japanese conglomerate SBI Holdings to create SBI Ripple – a company that aims to facilitate payments underpinned by Ripple’s technology.

Garlinghouse revealed that his company has signed more than 15 new contracts with banks worldwide since the SEC brought its lawsuit, according to the Reuters report. He added that the lack of regulatory clarity in the U.S. is hindering innovation.

“We’re seeing the activity of XRP liquidity has grown outside the United States and continue to grow in Asia, certainly in Japan,” he said. On XRP delistings, the Ripple CEO stated that he was not aware of any exchange outside the U.S. that had stopped trading of the token.

“XRP is traded on over 200 exchanges around the world. It’s really only three or four exchanges in the United States that have halted trading,” said Garlinghouse, who has previously spoken about relocating Ripple’s headquarters from the U.S. due to unfavorable regulation.

What do you think about Ripple’s overseas operations as revealed by the CEO? Let us know in the comments section below.

Tags in this story

Asia, Asia Pacific, Brad Garlinghouse, Coinbase, Japan, Ripple, SBI Holdings, SEC, sec lawsuit, US Securities and Exchange Commission, XRP, xrp cryptocurrency, XRP Trading

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = ‘https://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v3.2’;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

[ad_2]

Source link

LATEST POSTS

Cardano faces $1.60 resistance after ADA price hits 2-month highs

Cardano's ADA token came close to its highest in two months on Aug. 10 as daily gains neared 6%.Data from Cointelegraph Markets Pro and...

Teller Finance deploys mainnet on Polygon, migrates 2,200 NFTs

Teller Finance, a non-collateral lending protocol for the DeFi market, has officially deployed its mainnet on Polygon, marking a significant milestone in its quest...
[td_block_social_counter style="style8 td-social-boxed td-social-font-icons" facebook="tagdiv" twitter="tagdivofficial" youtube="tagdiv" custom_title="Follow us" block_template_id="td_block_template_11" border_color="#fbb03b" f_header_font_size="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTgifQ==" f_header_font_weight="600" f_header_font_family="702" f_header_font_transform="uppercase" tdc_css="eyJwb3J0cmFpdCI6eyJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsInBob25lIjp7Im1hcmdpbi1ib3R0b20iOiI0MCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3NjcsImFsbCI6eyJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn19"]

Most Popular

spot_img