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**Disclaimer: This is NOT financial advice! This theorizing is NOT to be taken seriously and is only for fun! DYOR! Fun fact: XRP/XLM have been labelled, by large financial entities, 'Stablecoins'. D. Schwartz has talked about: XRP VS Stablecoins, and why it's a better 'currency', being geo-politically neutral, currency/asset agnostic, public and deflationary VS pegged-inflationary FIAT. FSB (Financial Stability Board): to "Foster the soundness of Global Stablecoin (GSC) Arrangements" and "Regulation, Supervision and Oversight of“Global Stablecoin” Arrangements" Global Stablecoin main features VS stablecoin: Potential to reach/use across multiple jurisdictions. used as a means of "making payments". Increasingly used as a store of value by "the public/households" (possibly meaning an unpegged, deflationary stablecoin.). Potential to achieve substantial volume. is interoperable and interlinking between systems & harmonised by ISO20022. Additionally, the IOSCO (international securities commission) hypothesized on a possible GSC, one which is: "A global currency". Has "financial infrastructure which is used for domestic & cross-border payments". "Uses a reserve fund & intermediaries to seek a stable price vis a vis a basket of low-volatile currencies or commodities". To make this more interesting, it goes on to mention how this GSC: "Could interact with securities regulators, acting as a debt instrument". That it's "decentralised nature could pose challenges with stabilization." And "appropriate regulation, supervision and regulatory oversight to prevent gaps and avoid arbitrage" before such an "arrangement" would go "live". These documents emphasize this is a "joint private and public sector vision". The FSB (Financial Stability Board), orchestrated by the BIS, coordinates this "oversight" and "implementation" w/the CPC, CPMI (BIS)+ relevant SSBs. Fun Fact 2: The FSB has only 3 US members - 1 of whom is G. Gensler... Another is Lael Brainard (current Vice Chair to the Fed, has referred to a new global neutral settlement bridge asset as central to the new financial system). Globally, there are members from entities like: IMF, WB, ECB, EC, Basel, IOSCO, CGFS+ more from Central Banks. My own speculation: What is described as a "global stablecoin' not only sounds like it has potential to be a global reserve currency, but quite literally sounds like: XRP or even XLM. It's almost, objectively, a 1:1 description. It also aligns with points made time-time-again about XRP needing a higher, more stable or set price, and aligns with the many intelligent people in this community who are saying XRP may be backed by commodities to achieve prices (as they say: "via a intermediaries and baskets of low-volatile assets) which help it be more effective without moving the market too much (a volatility issue frequently brought up by D. Schwartz). It aligns with it possibly becoming a store of value, as a higher but less volatile price would probably still increase in value over time. It also just so happens that many of these entities are frequently meeting with Ripple, whether it be face-to-face or at important events. It just so happens that the only country in the world taking issue with XRP is the one whose global reserve currency is threatened by a neutral alternative. Or, they're "addressing regulatory gaps"... My question to people here is: If not XRP/XLM, what ticks all these boxes? Libra? JPMcoin? These won't be held by public households as "a store of value", and trust is a whole other story. ETH? BTC? These aren't efficient or effective institutional payment networks. To me: It sounds like these are XRP, XLM, possibly XDC, maybe even pegged stablecoins like USDC, USDT, or retail CBDCs, but they'll all be bound to the disadvantages of traditional pegged, biased, inflationary fiat. You do the math.. Appreciate any comments. -
“CRYPTO-ASSETS ARE NOW FINANCIAL INSTRUMENTS”..... so German banks will be legally holding crypto (XRP) in 2020... nice Source: https://bitcoinist.com/germany-to-issue-crypto-regulations-on-january-1-2020/ (repaired)
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Now Ripple has opened an office in DC, and been acquiring several employees with a history in regulation and governments, it is becoming the face of regulation in the financial industry. I have watched all conferences and all questions are being asked to him and Ripple. For Ripple and XRP is a real company with real employees who are finding their roots in the industry. They are often mentioned with Libra, visa, paypal and also many political issues. Anybody who agrees or has more to add to this?
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Blog URL: https://coil.com/p/Hodor/Raising-XRP-s-Profile/KfQ8e6ZW3 Brad Garlinghouse continues the media storm for Ripple, making 𝘁𝗵𝗿𝗲𝗲 𝗺𝗲𝗱𝗶𝗮 𝗮𝗽𝗽𝗲𝗮𝗿𝗮𝗻𝗰𝗲𝘀 𝗶𝗻 𝗳𝗶𝘃𝗲 𝗱𝗮𝘆𝘀: I break down the important points for you in my latest blog, with links to the source interviews! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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Blog URL: https://coil.com/p/Hodor/Financial-Evolution/-OAfQwjl4 Digital assets and blockchain technology represent the most recent evolution in personal finance! Read about 'defi' and other XRP-related headline news in my latest blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: The US House of Representatives conducts a hearing titled 'Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat.' 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: David Schwartz writes a blog about the benefits and pending improvements for XRP; Ripple's Xpring Initiative invests in the team from Logos; Michelle Bond writes a blog about the impact of regulation on the UK and other jurisdictions; An XRP fan discovers two new banks in recent Ripple marketing collateral; Quidax announces plans for a mobile application and a new business deal with another company; Ripple releases more information about the agenda for the SWELL Conference; The National Bank of Fujairah (NBF) becomes a member of RippleNet; and Xendpay releases information about the benefits from its RippleNet membership and use of Ripple solution(s); 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Ken Melendez starts the Coil Blogging Club for early adopter Coil authors; Equilibrium publishes a guide for how to configure Moneyd; and I share the links to four new Coil authors. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: XRP adoption is being helped by a variety of tchotchke, and one fan has a new idea for guerrilla marketing; Binance.US opens its doors after seven months, offering three XRP markets with BTC, USDT, and USD; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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Blog URL: https://coil.com/p/Hodor/You-Are-Not-Mistaken/j65U-s5O0 XRP fans appreciate hard facts and real business progress! I describe why 𝗫𝗥𝗣 𝗶𝘀 𝘁𝗵𝗲𝗶𝗿 𝗽𝗿𝗲𝗳𝗲𝗿𝗿𝗲𝗱 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁 and address important news impacting XRP in today's blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: Elliptic, a business specializing in AML compliance, receives a massive infusion of capital from SBI in exchange for services, equity & a board seat. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple is sending three representatives to the OECD's two-day conference in mid-September; Kotak Mahindra shares its perspective on Ripple technology in a recent video; Henrique Teixeira, Ripple's Director of Strategic Relationships in the Americas, is scheduled to participate at Cl@b2019; Identitii files a U.S. patent that includes multiple references to Ripple and XRP; Four more banks sign onto Money Tap, SBI's domestic payments platform; Ripple hires Ron Hammond as their Manager of Government Relations; and Equilibrium publishes a new guide for configuring two Interledger Connectors; 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: The W3C's Ian Jacobs publishes an interview with Stefan Thomas; Stefan Thomas and Adrian Hope-Bailie will be attending TPAC2019, the W3C's annual meeting; and I highlight seven content creators on Coil; 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: The Japanese XRP Meetup organizers publish more information; King Blue's fundraising for St Jude using the XRP Tip Bot now exceeds 100,000 XRP; Jonny Lawrence publishes a new GIF, following the one that went viral days ago; and JannaOneTrick publishes a regulatory fan video; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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“Director William Hinman, head of the Division for Corporate Finance, says that the SEC may issue No-Action Letters for projects whose tokens are now in compliance, even if the original sales pushed the boundaries of securities regulations.“That’s the flexibility of the regulatory framework that we’re working with,” he said.” Source: https://cryptobriefing.com/good-news-ripple-sec-crypto-ico/ -
Blog URL: https://xrpcommunity.blog/we-are-the-leaders-we-need/ The Token Taxonomy Act is about to be re-introduced! Find out how you can help & keep up to date on the latest XRP news in today's blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: The Token Taxonomy Act will be reintroduced next week; Find out how you can support it with a few minutes of effort. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The next AMA with David Schwartz is scheduled for Monday, April 1st; The 11th episode of the Ripple Drop covers fine-grained corporate strategy, philanthropy, and recent marketing activities; and Federal Bank becomes the latest noteworthy banking customer to join RippleNet. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Tristan van de Kamp shows a video of the XRPay application prototype via Twitter; Alex Cobb hosts a phenomenal Q&A Session with Bob Way; and XRP is added to two new exchanges, one in Estonia, and one based in the US. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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CryptoEri is one of the most popular English / Japanese cross-over YouTubers that focus on crypto topics. She is very positive about XRP, and closely tracks Japanese developments and SBI. She recently sent Congressman Warren Davidson, one of the authors of the recent two bills re: crypto regulatory clarity, a question on whether he would re-submit the bill(s) this session. I was surprised that she received a response very quickly - and on a Sunday no less: Also, if you're looking to watch the video where CryptoEri discusses the bill, here it is:
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I couldn't find this anywhere on the site - please let me know if it's a repost Virtual Currency Consumer Protection Act of 2018 (link below) - it appears the gears are starting to move https://soto.house.gov/sites/soto.house.gov/files/documents/SOTO_133_xml.pdf
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Looking for a summary of the SWELL Conference + the latest news about XRP? I've got you covered! SWELL was a tour-d-force for Ripple; you won't want to miss my TL:DR breakdowns of each session in this blog. I provided my own personal take on each of the sessions, including the "800 Pound Gorilla" panel discussion at the end. This latest blog also covers the latest news in crypto, and Ripple & XRP as well, including what to expect from the Malta conference, and news that SmartStream piloted Ripple tech. Coinswitch adds a custom crypto switch page for XRP fans, and Bitrue announces their new mobile application. I hope you enjoy the read & please leave any feedback below. Also, feel free to share my blog with anybody you'd like - and also feel free to re-post on any other social media platform you wish - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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https://www.bnnbloomberg.ca/the-open/what-s-ahead-for-cryptocurrencies-and-cryptoasset-regulation~1463272 Don Tapscott, head of the Blockchain Research Institute, tech futurist and author of the 'Blockchain Revolution,' joins BNN Bloomberg to discuss his outlook for cryptocurrencies, which are struggling this year. He also outlines some of his recommendations for cryptoasset regulation. 04:45 (..) Utility tokens that perform some kind of function in a business - most of those are not really securities (..) Regulators need to understand the differences between all of these. 06:45 (..) We hope that that our report is gonna be read by regulators and government leaders (..) The stakes are very high here. (..) Creating an environment where innovation can flourish is gonna to be really critical.- 1 reply
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https://dailyhodl.com/2018/07/05/breakthrough-south-korea-will-officially-legalize-cryptocurrency-and-blockchain-based-industries/- 5 replies
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The use cases for xRapid and XRP are due to come online after years of careful planning and hard work. Like dedicated farmers, XRP ecosystem stakeholders use creativity, dedication, and know-how to identify real business problems and then forge solutions. In this latest blog entry, I talk about all the latest news items affecting XRP, including some interesting developments at Ripple, new exchanges, and yet another stock market exchange - this time in Germany - getting into crypto. I hope you enjoy the read & please leave any feedback below: Feel free to share my blog with a friend, or on any other platform or media - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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Quite a good article imo https://www.coindesk.com/regulators-are-slowly-starting-to-get-it-utility-tokens-are-real/
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This is from last month published by the Cato Institute... it seems like a thoughtful and and in-depth exposition of a question that has been on all of our minds... (The Cato Institute is a public policy research organization — a think tank — dedicated to the principles of individual liberty, limited government, free markets and peace. Its scholars and analysts conduct independent, nonpartisan research on a wide range of policy issues.) https://www.cato.org/about Should Cryptocurrencies Be Regulated like Securities? By Diego Zuluaga June 25, 2018 https://www.cato.org/publications/cmfa-briefing-paper/should-cryptocurrencies-be-regulated-securities#full "Cryptocurrencies are a new and promising technology, the benefits of which remain little understood and hotly disputed. Policy uncertainty and ambiguous statements by financial regulators further complicate an assessment of the risks and rewards that ownership of this asset class can bring." "Yet, the answer is not to clamp down on cryptocurrencies. Volatility, as long as it is not caused by fraudulent or illegal market behavior, is not a regulatory concern. Rather, the goal of regulators should be to provide confidence in the stability of the regulatory framework by defining how cryptocurrencies fit within existing rules. Such regulatory certainty need not come at the expense of the accessibility of blockchain technology to firms and individuals."
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Okay this is a more philosophical brainfart... this week I followed a presentation about artificial intelligence (AI) and one of the questions from the audience was: Should the government regulate artificial intelligence? During the following discussions I countered with the question: Shouldn't AI regulate governments? This would make for far more objective decisions! Or would it? That made me think about crypto regulation as well: On the internet (and with the help of VPN) the concept of countries/borders can become a bit of a grey area. That makes it difficult to regulate and with anonymous crypto's it's even more difficult/impossible to pinpoint the owner, which in turn makes difficult to determine under which country he/she should be taxed/regulated. Also the rules and regulations differ hugely from country to country. Could it be possible to create global regulations by using AI in combination with smart contracts? And do we want this? I'd like to hear your thoughts! -
https://finance.yahoo.com/news/another-day-another-50-million-205554590.html I hate these stories. But, it's things like this that show you that crypto is still pre dot com burst. We need to get some kind of regulation that shuts down scammers, and results in the crypto space consolidating into the legit tokens with real businesses. The sooner we do that then the sooner XRP becomes the next AMZ.
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Inquiry into 13 Major Exchanges by NY Attorney
Guest posted a topic in Alt-Coins and General Fintech
Just in case you missed it. The results could throw out some interesting details on what exchanges are/aren't doing to help the market. -
I don't see it as a bad thing but here's the article. https://www.google.com/amp/s/amp.businessinsider.com/ripple-xrp-price-falls-after-ripple-says-it-wants-more-regulation-2018-4
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Ripple continues to build the Internet of value (IOV) and recently heralded new highways to liquidity within XRP. I discuss this progress - along with fascinating other news - in today's blog! Hope you enjoy; please leave any feedback below. Also, feel free to share my blog with anybody and on any platform - and thank you in advance for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread- 38 replies
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How will Ripple address concerns of insider trading?
AdamHDavis posted a topic in General Discussion
How will Ripple address concerns of insider trading, given that both Ripple (the company), and many Ripple employees hold large amounts of XRP, and have real-time material information about partnerships, technical updates, and disbursements? https://en.wikipedia.org/wiki/Insider_trading Is XRP considered a security by the SEC? If so, the SEC would likely be able to enforce insider trading law against Ripple if needed. If not, what then? Some clarity from Ripple regarding this would help to increase confidence for XRP holders (both individuals and institutions). Thanks!- 20 replies
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Ripple has a long standing relation with BOE so I would assume that Ripple's ducks are in order so that compliance will propel them to the forefront of all currencies and be the model...XRP the Standard! http://www.tradersmagazine.com/news/cryptocurrencies/boe-push-for-cryptocurrency-regulation-can-boost-markets-117387-1.html?ET=tradersmagazine:e3644:4768835a:&st=email "The Bank of England is one of the world’s most influential central banks and, as such, its approach is likely to help shape the policies of others,”
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https://www.ccn.com/ripple-ceo-cryptocurrency-market-outsized-reaction-sec-announcement/ “More My POV on the SEC statement today – the market is having an outsized reaction. Exchanges ultimately have three options ahead of them: de-list ICOs, register, or close. Certainly big implications for ETH given ERC20 tokens,” said Garlinghouse. As Garlinghouse emphasized, the SEC’s decision to require exchanges to register with the agency for listing ERC20 tokens or ICOs only impacts tokens launched on top of the Ethereum network that are considered as securities by the SEC. On February 6, in a senate hearing, SEC chairman Jay Clayton noted that there exists a clear difference between ICO tokens and cryptocurrencies. Clayton explained that while ICOs are securities, others are “true cryptocurrencies.”- 3 replies
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More setbacks for Bitcoin are acting like an anchor on the crypto market. In today's blog entry, I talk about those factors, as well as how I see XRP diverging from Bitcoin's market leading dominance. For Ripple and XRP, it's been nonstop good news over the last four days, with the big news being the anticipated release of the MoneyTap application by the Japanese Banking Consortium (JBC). I discuss the details behind this application plus I have some surprises about possible business deals you might not know about. It includes the partial acquisition of a hardware wallet company by SBI, the addition of XRP to the BitIT marketplace, a Grayscale investment fund specifically targeting XRP, and the rumor of Ripple technology underlying a deal between Saison and Grab. Rounding out the list is an update for those in the XRP community eagerly awaiting the release of the Kyte wallet! I hope you enjoy - please leave any feedback below. Feel free to share my blog on any other platform, or with a friend or family member - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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