Regulatory clarity in Europe helps Ripple expand operations outside the U.S. as a lengthy court battle with the SEC inches towards a conclusion.
Cryptocurrency payments service provider Ripple continues to see global adoption of its payment services despite a long-winded legal battle with the United States Securities and Exchange Commission over its XRP token.
Meanwhile, the European Union is well on its way to instituting a set of requirements and standards for the cryptocurrency industry across the continent after the long-awaited Markets in Crypto-Assets legislation wasThe divergence of regulatory perspectives in the U.S. and Europe is wide, Young told Cointelegraph, highlighting Ripple’s business growth outside of the U.S.
Young added that Ripple continues to foster private-public partnerships, and open dialogue with regulators and policymakers, with both parties educating each other as the industry develops: “I think that’s where we’ve seen much bigger mainstream take up and the real benefits of crypto’s utility being realized. Without clear regulation, that is impossible. I see that as the first step in getting more mainstream adoption.”
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