Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain firm also plans an expansion in the U.K. and Europe, according to media reports quoting Ripple executives.
Ripple Favors Regulated Markets as U.S. Continues to Deal With Crypto Platforms Individually
Ripple, the company behind the XRP cryptocurrency, plans to remain focused on markets governed by clear regulatory frameworks, the South China Morning Post (SCMP) reported on Saturday. The payment operator revealed its intentions after a court win against U.S. regulators who maintain a case-by-case approach in dealing with industry players, including separate legal actions against token issuers.
Last week, a U.S. judge ruled that Ripple’s XRP token does not constitute a security when sold on third-party exchanges, opening the way for XRP to be tr
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