Regulatory relations head of Ripple: Uncertainty, biggest adoption barrier

The OECD Blockchain Policy Forum is a discussion that takes into account the influence of blockchain across various countries in the world. The recent OECD Blockchain Policy Forum kicked off in Paris on September 4 to 5 and the meeting centered a few points, but we will be focusing on the discussion on the implications of regulatory conditions to cryptocurrencies.

During this OECD blockchain Policy Forum, the newly appointed Head of Regulatory Relations of Ripple in Europe, Dan Morgan, talked on how the regulatory condition at the national and international level is affecting Ripple. Morgan said:

As we do know, Ripple is a blockchain technology company that aims to aid in real-time cross-border payments primarily for financial institutions. Ripple’s new Regulatory Head went on talk about the company’s services despite the regulatory policies around it:

He further went on to add that,

Concerning Ripple’s regulation, Morgan said:

The top executive of Ripple Labs also said that,

Consequently, Ripple has been at the center of regulatory policies and the biggest debate is whether it is a security or not. The U.S regulators still haven’t decided if it is a security or not – but the debate continues. Nonetheless, Ripple is said to offer utility and solve real-life problems tied to liquidity and cross-border payments.

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source: https://globalcoinreport.com/ripple-regulatory-relations-head-uncertainty-adoption-barrier/