Today, Ripple is releasing a framework for cryptocurrency and digital asset regulation: A Real Approach to Cryptocurrency Regulation. This approach is designed to offer an immediate and pragmatic way forward that accounts for the dynamic capabilities of cryptocurrency and digital assets. We believe the best public policy outcomes can be achieved by public-private collaboration, adapting existing regulatory frameworks and fostering cryptocurrency innovation sandboxes.
“Cryptocurrency and blockchain technology need clear regulatory and licensing frameworks designed to address and remedy the specific challenges to our industry. All of the proposed measures discussed in this framework aim to provide legal clarity to industry, markets, and consumers in a way that a regulation-by-enforcement approach simply cannot,” said Ripple CEO Brad Garlinghouse.
Policymakers are increasingly looking to learn more and understand the complexity and diversity of cryptocurrency and digital assets, and Ripple welcomes any opportunities to share expertise and serve as a resource to better inform nascent public policies geared towards cryptocurrencies.
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