Ripple has called for the UK to implement swift and robust cryptocurrency regulations to harness its capacities in digital finance. During a recent summit, industry experts outlined the necessity for a stable regulatory framework to foster innovation and prevent consumer harm.
The summit highlighted the urgent need for the Financial Conduct Authority (FCA) to prioritize stablecoin regulations, as these assets are increasingly significant in trading and payments. Ripple believes that the UK has the necessary components to excel in digital asset regulation.
Experts project that by 2030, digital assets could make up 10% of global capital markets, worth approximately 4 trillion to 5 trillion USD. Ripple’s ongoing investment reflects its commitment to enhancing the UK’s position in the evolving digital asset landscape.
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