This website uses cookies to ensure you get the best experience on our website


23rd Oct 2020
CryptoAltum Research Team

Ripple Considering Japan, Singapore, UAE and Two Others If It Moves From the United States

Brad Garlinghouse, the CEO of the $10 billion for-profit remittance company, Ripple, may end up moving to Japan, Singapore, or three other countries whose cryptocurrency and blockchain regulations are clearer and certain. In an interview with Bloomberg, the executive said crypto laws are fuzzy, a reason which is stifling the growth of the sub-sector by introducing needless uncertainty due to lack of clarity.


The cryptocurrency sub-sector, above everything else, needs fitting regulations. It is only through the devising of propping laws that blockchain and crypto as an industry will blossom, concurrently helping the economy grow. The crypto scene in the United States, according to analysts, is in shambles. Policymakers should act fast so that they are leaders in this emerging and highly potent space.

Impact on the XRP Price: 

Neutral. The US SEC, the main regulatory body, hasn’t properly defined and categorized what the XRP coin is. Although there are concerns about its decentralization--a fact that its leaders are working on through an ongoing asset diffusing strategy, Brad complained of being “left out” since regulators are only concentrating on ETH and BTC--two digital assets said to be utilities, not securities.

More market updates on our Blog 

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020