íàçâàíèå

Ripple’s Exec Talks about a New Product Launch, Crypto-friendly Regulations and XRP Status as Security

The market for cryptocurrencies has made its way into the world of traditional finance. Not only is there more exposure of the public to cryptocurrencies, but also the markets have been able to gain the respect of several essential investors.

No More  “Pro-blockhain, Anti-Crypto” Regulations

Even with all the evolution, a substantial obstacle for the global adoption of cryptocurrencies seems to be the positive vision of the authorities and regulatory bodies. However, Sagar Sarbhai, Ripple’s head of regulatory relations of APAC and the Middle East believes that this problem could be solved in the future thanks to the paradigm shift in the regulatory institutions:

“A couple of years ago the narrative was blockchain good, crypto bad. But I think what we’re now seeing is that more and more regulators are taking the whole space in one conjunction [sic]. You cannot have runways built without airplanes… [T]hat narrative is thankfully changing, and policymakers are recognizing there is a strong benefit that digital (crypto) assets bring.”

Ripple’s Exec Talks about a New Product Launch, Crypto-friendly Regulations and XRP Status as Security
Sagar Sarbhai

The whole “blockchain good, crypto bad” vision has been strongly supported by actors of significant influence in the financial markets. Just as a reference; Russia and Chaina, the two most important members of the BRICS group, have openly expressed their vision of broad interest in blockchain technologies even though they have legal systems that prevent their mainstream use.

Sarbhai: Ripple’s XRP is NOT a Security

For Sarbhai this evolution in the cultural dimension of financial institutions has been crucial for “removing barriers to commerce.” He spoke about Thailand as a country that – in the last months – has been working hard to promote the creation of a robust legal system that supports the use of cryptocurrencies and blockchain technologies in the region (all this without losing sight of the consumer protection against possible scams or similar situations).


Sarbhai also commented that XRP is not security although he was emphatic in clarifying that the final decision on the matter is competence of the SEC. He mentioned that Ripple’s team has had frequent conversations with this organization to explain the arguments that sustain why XRP is not a security.

He also mentioned that other countries have already accepted that Ripple’s (XRP) is not a security, even creating special categories to include XRP and the rest of the cryptocurrencies within a classification of goods and investments.

Stay Tuned… Good News Could Be Just Around The Corner

Sarbhai also hinted that xRapid could go live in about a month while he was talking about the benefits of such a system:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production,”


Full interview available here:


18.09.2018 / 17:25 42
Newsflash: Ethereum and Ripple Surge 10% Within Minutes in Abnormal Market Activity Newsflash: Ethereum and Ripple Surge
The prices of Ethereum (ETH) and Ripple (XRP) have surged by more than 10 percent in the past five minutes, despite the lack of momentum of major
Ripple To Launch xRapid ‘Within One Month’, Exec Tells CNBC Ripple To Launch xRapid ‘Within One
Remittance network Ripple plans to launch its xRapid payment network within the next month, head of regulatory relations for Asia-Pacific and the
Ripple Says XRP Product Will Go Live in ‘Next Month or so’ Ripple Says XRP Product Will Go Live in
Ripple’s long-anticipated cryptocurrency product, which aims to make XRP the asset of choice for cross-border settlements between financial
Ripple (XRP) Welcomes Government Regulation for its Products Ripple (XRP) Welcomes Government
Despite the interference, stricter ruling and regulations set by governments, cryptocurrencies have been surging and developing every day. However,
Ripple ‘Very Confident’ of Hitting China’s Market This Year with Blockchain Payments Solution Ripple ‘Very Confident’ of Hitting
Ripple is ‘very confident’ that it will hit China’s market this year with its blockchain-based payments solution, according to reports. Sagar
Ripple [XRP] to Launch its Blockchain Payments Solution in China Later This Year Ripple [XRP] to Launch its Blockchain
Ripple is turning its attention to the Chinese market as it looks at expanding its services within the Asia Pacific region later this year. According
Comments (0)
Add a comment
Comment on