Global Surge in CBDC Development: 134 Countries Now Exploring Digital
Ripple CEO and Japanese Lawmaker Discuss Blockchain’s Future in Japan
(Originally posted on : Crypto News – iGaming.org )
At the most recent XRP Community Day, Japanese legislator Taira Masaaki and Ripple CEO Brad Garlinghouse had a meeting to talk about Japan’s potential in blockchain technology. This well-known gathering highlighted Japan’s commitment to encouraging innovation in the cryptocurrency industry by means of transparent regulations and forward-thinking laws.
Garlinghouse gave Japan’s regulatory environment good marks, pointing out that the nation has “clear frameworks and constructive policy” that foster innovation and safeguard consumer interests. He recognized Japan as a major player in the blockchain space, emphasizing the development of technologies linked to cryptocurrencies. The topic of their discussion, according to Taira Masaaki, a supporter of Web3 and AI and a member of the Japanese House of Representatives, was how to use blockchain technology to realize Japan’s full potential. He mentioned how the nation might maintain its position as a leader in technology, which would help a number of businesses.
The XRP Community Day brought together experts and stakeholders from Japan’s political, financial, and business communities, further reinforcing the significance of Japan’s role in the global blockchain landscape.
Ripple’s Expansion in Asia
During a press appearance in Seoul, South Korea, Garlinghouse, who was on a tour to Asia, praised the court’s decision that XRP is not categorized as a security and chastised SEC Chair Gary Gensler. He underlined how significant this win was for the bitcoin sector. Garlinghouse also questioned Gensler’s leadership and emphasized the significance of bipartisan cooperation on U.S. technology policy.
Since the bulk of XRP trading volume occurs in Asia, specifically in Korea and Japan, Ripple is concentrating on growing its footprint in this region. Major Korean banks, including Hana and Shinhan, are the subject of continuing talks, according to Ripple President Monica Long. Future regulatory developments will determine whether or not these agreements materialize.
New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins