• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Friday, June 2, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Ripple (XRP) CEO “is in awe” of China’s crypto and blockchain approach

10 August 2020
in XRP
Reading Time: 4 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


China’s regulatory approach to blockchain and cryptocurrencies is not going unnoticed, and it has caught the attention of Ripple CEO Brad Garlinghouse.

Garlinghouse said China is ahead of the U.S. when it comes to the regulatory aspects of the disruptive sector.

Related articles

Is XRP a Good Investment?

Is XRP a Good Investment?

1 June 2023
Ripple Exec Marks This Crypto Hearing “Crucial” Ahead Of Hinman Doc Release

Ripple Exec Marks This Crypto Hearing “Crucial” Ahead Of Hinman Doc Release

1 June 2023

His comments come as the Far Eastern superpower has already begun trials of its digital currency. Similarly, Blockchain-based infrastructure is, also, undergoing advanced testing in Hangzhou, Shenzhen, and Hainan.

[crypto-donation-box]

China’s crypto dominance

Speaking on the panel of the Chamber of Digital Commerce’s Parallel Summit on July 17, the Ripple co-founder was appreciative of the country’s efforts towards crypto and blockchain regulation.

Brad Garlinghouse discussed cryptocurrencies on a recently-held panel. (Source: YouTube)

“In some ways, I’m in awe of it,” said Garlinghouse in the Fireside Chat, adding “these technologies may, in fact, be very foundational for the future of how financial systems work, and they want to make sure that they have capabilities at the heart of them.”

To explain, Garlinghouse turned to China’s control (legally speaking) over Bitcoin and Ethereum in the country. Chinese miners, he said, dominate the BTC and ETH hash rates as of today.

A mining farm in China. (Source: Charl)

Chinese regulations helped in the above. Garlinghouse explained how America’s regulatory clarity around internet technologies help the space rise in the early 1990’s—making it a leader in the space:

Cryptohopper
ADVERTISEMENT

“Twenty-five years ago the U.S. was a leader in making the internet what it is today, but part of that came from regulatory clarity.”

Garlinghouse called for clarity for blockchain entrepreneurs in the country; which will help spreadhead development in the space.

Turning towards Asia, Garlinghouse said Thailand, Malaysia, Japan, and, lately, India have laid regulatory clarity for crypto and blockchain development in the country.

China’s blockchain push

In recent weeks, Chinese developments have boosted the country’s aspirations to become a “global blockchain hub” by 2022.

Last week, over 140 public government services onboarded a blockchain system in the city of Suzhou in Eastern China. The development came two weeks after the Zhejiang district laid the foundation for the ambitious Blockchain Service Network (BSN).

Markets in China could heavily feature blockchain. (Source: Peek)

Applications include providing “convenient” and low-cost one-stop “blockchain environment services” to individual users. The development is touted as the “blockchain internet” by authorities.

Meanwhile, Ripple co-founder Chris Larsen has similarly appreciated Chinese efforts in the past. As CryptoSlate reported, he said “China is so far ahead of us” while noting the country’s $1.4 trillion warchest for emerging technologies such as blockchain.

Like what you see? Subscribe for daily updates.



Source link

Tags: approachaweBlockchainCEOChinascryptoRippleXRP
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

A $15K Bitcoin Likely As Price Breaks Above “Multi-Year Bullish Triangle”

Next Post

Litecoin Founder Refutes Bankruptcy FUD, Celebrates LTC Birthday

Related Posts

Is XRP a Good Investment?

Is XRP a Good Investment?

1 June 2023
0

Ripple (XRP) is the sixth-largest cryptocurrency by market cap. While cryptocurrencies have become extremely popular, so has their adoption rate....

Ripple Exec Marks This Crypto Hearing “Crucial” Ahead Of Hinman Doc Release

Ripple Exec Marks This Crypto Hearing “Crucial” Ahead Of Hinman Doc Release

1 June 2023
0

Ripple News: The global digital asset industry and leaders are eagerly waiting for the public release of Hinman speech linked...

Bitcoin, Ethereum, XRP & Other Trending Coins

Bitcoin, Ethereum, XRP & Other Trending Coins

1 June 2023
0

New York, NY --News Direct-- Finance NewsMay proved to be a tumultuous period for crypto investors as the prices of...

Bank with $3 Trillion Assets Calls XRP a Game Changer for the Distributed Ledger Technology of the Future

Bank with $3 Trillion Assets Calls XRP a Game Changer for the Distributed Ledger Technology of the Future

1 June 2023
0

HSBC recognizes the potential of Ripple’s distributed ledger technology (DLT) for cross-border payments, highlighting how Ripple’s XRP ledger enables real-time...

XRP Price Prediction – Will It Hit $1 in June? Traders Backing Ecoterra & DeeLance to Pump

XRP Price Prediction – Will It Hit $1 in June? Traders Backing Ecoterra & DeeLance to Pump

1 June 2023
0

The XRP price bounced as Ripple CEO stated the case will close “in weeks, not months”.  With the lawsuit nearing its...

Load More
Next Post

Litecoin Founder Refutes Bankruptcy FUD, Celebrates LTC Birthday

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • U.S. CFTC May Change Risk Rules in a Way That Could Consider Crypto
  • Bitcoin BTC Price Has Reached ‘a General Accumulation Phase’: Analyst
  • Mooners and Shakers: Litecoin gains while Bitcoin slips; Binance Australia updates banking situation

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$26,900.00-0.65%
  • ethereumEthereum(ETH)$1,873.630.05%
  • tetherTether(USDT)$1.00-0.14%
  • binancecoinBNB(BNB)$305.28-0.26%
  • usd-coinUSD Coin(USDC)$1.000.02%
  • rippleXRP(XRP)$0.511.18%
  • staked-etherLido Staked Ether(STETH)$1,871.76-0.05%
  • cardanoCardano(ADA)$0.368062-0.77%
  • dogecoinDogecoin(DOGE)$0.0718120.14%
  • matic-networkPolygon(MATIC)$0.900.68%
  • solanaSolana(SOL)$20.66-0.22%
  • litecoinLitecoin(LTC)$94.663.88%
  • tronTRON(TRX)$0.0752390.01%
  • polkadotPolkadot(DOT)$5.24-0.83%
  • binance-usdBinance USD(BUSD)$1.00-0.21%
  • shiba-inuShiba Inu(SHIB)$0.000008-2.24%
  • avalanche-2Avalanche(AVAX)$14.211.15%
  • daiDai(DAI)$1.000.02%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,920.00-0.73%
  • uniswapUniswap(UNI)$5.01-0.19%
  • leo-tokenLEO Token(LEO)$3.571.34%
  • chainlinkChainlink(LINK)$6.39-1.45%
  • cosmosCosmos Hub(ATOM)$10.39-0.10%
  • okbOKB(OKB)$45.87-0.62%
  • moneroMonero(XMR)$145.41-0.62%
  • ToncoinToncoin(TON)$1.77-3.28%
  • ethereum-classicEthereum Classic(ETC)$17.91-0.11%
  • stellarStellar(XLM)$0.091611-1.21%
  • bitcoin-cashBitcoin Cash(BCH)$114.251.14%
  • filecoinFilecoin(FIL)$4.883.52%
  • internet-computerInternet Computer(ICP)$4.741.90%
  • true-usdTrueUSD(TUSD)$1.000.08%
  • lido-daoLido DAO(LDO)$2.111.02%
  • AptosAptos(APT)$8.693.54%
  • quant-networkQuant(QNT)$115.90-0.74%
  • hedera-hashgraphHedera(HBAR)$0.050347-2.22%
  • ArbitrumArbitrum(ARB)$1.171.34%
  • crypto-com-chainCronos(CRO)$0.058747-1.78%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • vechainVeChain(VET)$0.019845-1.82%
  • nearNEAR Protocol(NEAR)$1.560.37%
  • the-graphThe Graph(GRT)$0.127103-5.39%
  • apecoinApeCoin(APE)$3.05-2.87%
  • algorandAlgorand(ALGO)$0.1502791.28%
  • the-sandboxThe Sandbox(SAND)$0.565.21%
  • paxos-standardPax Dollar(USDP)$1.000.37%
  • fraxFrax(FRAX)$1.000.41%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.89-0.25%
  • rocket-poolRocket Pool(RPL)$48.670.18%