Ripple Touts XRP Use in New Crypto Framework Suggested for India

[newshunter]

Ripple Touts XRP Use in New Crypto Framework Suggested for India

Major cryptocurrency firm Ripple released a set of recommendations for Indian lawmakers to legalize cryptocurrencies.

Source: Ripple Touts XRP Use in New Crypto Framework Suggested for India

Would appreciate your opinion about this

[Fenix]

This is a very unusual event. The cryptocurrency firm issues recommendations to lawmakers on how to legalize cryptocurrency in the country. Due to the complete inaction of the Indian legislature and its government in relation to cryptocurrency, this can be a reasonable and logical move. Even a multi-year trial in the Supreme Court of India regarding the legality of the Reserve Bank’s order regarding the circulation of cryptocurrency and the appeal of this court to the government regarding its plans for cryptocurrency, in fact, did not force the authorities to issue a single regulatory legal act regarding cryptocurrency. Therefore, it is possible to slip the cheat sheet to the relevant state bodies, as long as they notice and react to it.

[TomPluz]

There is no question that the Indian market for cryptocurrency and money remittance can be huge and this is what XRP is looking at. I am not surprised that people behind XRP are making inroads for this big marketplace. And I am wishing they all succeed.