Crypto Industry Gets 'Ghosted' In US, Ripple Wants To Move Out

 Ripple Labs Inc. in consideration of the list of some countries that could potentially be a ‘new home’ to the firm if it had to leave the United States due to the still vague rules.

Ripple CEO Brad Garlinghouse through an interview revealed that countries of choice include Japan, Singapore, Switzerland, the United Kingdom (UK) and the United Arab Emirates (UAE).

According to him, all target countries are clear with the use of crypto and have legal transparency in the management of various digital assets.

In contrast to the US administration which is still unclear with the status of cryptocurrencies and has a wide range of opinions on the assets whether it be commodities, currencies, real estate or security.

Garlinghouse could not deny that Ripple is a proud US firm and if possible they want to stay in the country.

However, because the country is still not transparent with the law on cryptocurrencies it makes it difficult for them to invest and further expand their business.

Since the pandemic, the crypto market has been seen to be getting stronger as the central bank prints money to avoid inflation, the only solution being to switch to cash.

Ripple is a firm that offers payment and settlement services through cryptocurrencies, XRP and other platforms.