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Japan FSA Disagrees with SEC -criptopotato news-


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Japan FSA Disagrees with SEC

Meanwhile, Japan’s Financial Services Authority (FSA) has weighed into the XRP debate saying it does not classify the token as a security. According to the FSA, the token does not fulfill all the requirements of a security asset under the country’s laws.

Indeed, XRP is a popular crypto-asset in Japan, with SBI Holdings, one of the largest financial services firm in the country, being a known advocate of the cryptocurrency.

Edited by bellbright
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  • bellbright changed the title to Japan FSA Disagrees with SEC -criptopotato news-
18 minutes ago, SquaryBone said:

whatever japan or any other country thinks is irrelevant. It will not be the first nor the last time that they do the exact opposite as the rest of the world. Unfortunately the rest of the world has to look at "the greatest country in the world", USA won't look at others. Greg Kidd confirms this in his video.

Yes  !! I believe Great America will never kill American Ripple which is number one blockchain firm specialized in cross border payment tech.  America is not foolish enough to kill Ripple. 

The SEC will realize that its lawsuit against Ripple is wrong. 

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55 minutes ago, bellbright said:

Yes  !! I believe Great America will never kill American Ripple which is number one blockchain firm specialized in cross border payment tech.  America is not foolish enough to kill Ripple. 

The SEC will realize that its lawsuit against Ripple is wrong. 

That's pretty naïve. If it was such great American company it would have never come this far. Ripple has touted over and over how they're such a great American company and that the government is stiffling innovation. Yet every other country in the world seems to be more open to them than the US themselves.

A lot of people solely operate based on their own goals. SEC/... all want to regulate crypto. They're not working together. In every layer of government people are working against each other instead of with each other and coming to agreements/consensus.

Make sure to not get stuck in the youtube community brainwashing people into thinking this is all part of a big plot like using the pandemic to shut down the internet to switch to the IoV" (the shat these people come up with is astonishing).

I think the SEC will want to save face. If you just sued the most known world-wide crypto company in this new industry you will go down in the history books. And I'm still not 100% convinced that Ripple et al will win the case. Bitstamp would not shut down the biggest (and frankly only) ODL corridor if this couldn't go wrong.

But I don't really care about the case anymore since it'll likely not bring regulatory clarity. So it's kind of a weird argument to bring what Japan thinks as an argument.

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1 hour ago, HAL1000 said:

Again irrelevant what the UK thinks. How is this so hard to read this simple question. The case is not requesting XRP to be deemed a security. And Greg Kidd said that whatever the world does, the USA will not look at that and might actually do the exact opposite.

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33 minutes ago, HAL1000 said:

and the SEC can suck on this :)  - https://www.coindesk.com/ripple-malaysia-bangladesh-remitance

"The partners do not seem deterred by Ripple’s legal troubles in the U.S."

In the mean time ODL volume has gone to 0 (so no more XRP being used in remittances :p) Why would they be deterred? Ripplenet and the messaging layers continues to function, however no more XRP being used for USD corridors.

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20 minutes ago, SquaryBone said:

In the mean time ODL volume has gone to 0 (so no more XRP being used in remittances :p) Why would they be deterred? Ripplenet and the messaging layers continues to function, however no more XRP being used for USD corridors.

The show is about to begin! The global reset is upon us, ODL is not live but XRP still has value and still functions perfectly fine. How can this be??? XRP will prove it doesn’t need the USA to enable central banks to leverage it. Central banks will lead the way. This is great news!

Edited by Scout
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