Ripple CEO Says China Leads the United States in Crypto Regulatory Perspective

 

Brad Garlinghouse, Ripple CEO, is confident that China leads the United States regarding the crypto sphere regulations perspectives.

During the Chamber of Digital Commerce’s Parallel Summit, Ripple CEO pat on the back the approach of China regarding cryptocurrency and blockchain industry.

Brad Garlinghouse submitted that the position China takes in regard to cryptocurrency is the result of the potential that the country sees in crypto. Garlinghouse believes that China is convinced of crypto and blockchain technology to become fundamental for the future of the financial system, and they are willing to ensure they have enough capabilities “at the heart of them.”

CEO of Ripple added China has control over Bitcoin & Ethereum, as it controls the mining of BTC and Ether. He mentioned that 25 years ago the United States was playing a leading role in making the Internet what it’s nowadays and the part of it was as a result of clear regulations, emphasizing that nowadays, the same chance exists for blockchain advancement.

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