The cooperation of the crypto community with the regulatory authorities is an inevitable part of the development of the system. This opinion was expressed by Ripple CEO Brad Garlinghouse in an interview with CNBC.
During his interview, the head of Ripple commented on the requirement of the SEC management on mandatory registration of all the crypto-exchange markets. Against the backdrop of a statement by the regulator about the strengthening of state control in the industry, the bitcoin rate fell below $ 10,000.
According to Garlinghouse, it is extremely important that the players of the cryptocurrency market understand that they are simply obliged to interact with regulators.
“Certain market players are categorically against working with the government and banking institutions, but Ripple has a different opinion. The blockade revolution will take place within the system, and not beyond, “said the head of Ripple.
Talking about Ripple, the company recently commented that MoneyGram would incorporate Ripple’s native cryptocurrency XRP into its payment platform. The cooperation with MoneyGram “allows MoneyGram to solve the age-old liquidity issue most financial institutions face”, – said the representative of Ripple.
“The payments problem doesn’t just affect banks; it also affects companies like MoneyGram, which help people get money to the ones they care about. By using a digital asset like XRP that settles in three seconds or less, our clients can move money as quickly as information.” – Ripple CEO Brad Garlinghouse.