Ripple Calls Upon UK Government to “End the Wild West Days”

The UK regulators were asked to introduced more clarity and new regulations to “end the Wild West days” following the example of Japan, says head of regulatory relations of Ripple, Ryan Zagone. He further demands a balance between “capturing risks and enabling innovation” to be maintained. Three key words were highlighted in his appeal: consumer protection, anti-money laundering and financial stability. He informed that the cryptocurrency market reached a point where new regulations and rules shall be introduced to ensure certainty and reinstate consumers’ trust. (btcmanager.com)