XRP is a Crypto Asset in Japan, Not a Security, Ripple Partner SBI Claims
The SBI Holdings statement refers to a research article by Sadakazu Osaki of the Nomura Research Institute indicating under Japanese law XRP is a "cryptocurrency asset" and not a security.
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As XRP continues to plummet in value due to Ripple’s turmoil with the U.S. Securities and Exchange Commission (SEC), the token seems to find some support in Japan, as crypto exchanges in the nation have refused to delist it. Nomura and Key Ripple Partner Keep Supporting XRP, Reject US SEC Claims Per a report published by Sadakazu Osaki, an analyst from the economic research firm Nomura Research Institute, Ripple’s token is considered in the land of the rising sun as a crypto asset, according to the Funds Settlement Act, as securities are registered with the Financial Services....
Ripple and SBI Holdings, together with SBI VC Trade Co., Ltd., have signed a memorandum of understanding that outlines their intention for SBI VC Trade to distribute Ripple USD (RLUSD) in Japan. The agreement positions RLUSD for entry into one of the world’s most tightly regulated digital-asset markets, with availability targeted for the first quarter […]
Unlike the U.S., Japan considers XRP to be a cryptocurrency, not a security.
The Ripple boss claims his company was unfairly treated which has given Ethereum the edge. Ripple chief executive Brad Garlinghouse has been airing his thoughts over the state of the crypto market and regulations, and a grudge over the financial regulator’s approach to Ethereum appears to have surfaced.Speaking at the DC Fintech Week virtual conference on Oct. 21, the Ripple boss declared that Ethereum had been granted a regulatory green light that enabled it to surpass his company’s XRP token.The U.S. Securities and Exchange Commission has been pursuing Ripple over claims that XRP is an....
Ripple has hit back at the U.S. Securities and Exchange Commission (SEC), accusing it of creating more uncertainty and failing in its duty to protect the crypto community. In panning the SEC’s decision to designate its XRP token as a security, the company claims the regulator’s lawsuit against it amounts to an attack on the entire crypto market in the US. XRP Token Holders Affected The latest comments by the Ripple team follow reports of the delisting of the XRP token by Coinbase. In a short statement released on December 29, the firm, which is promising another....