Source: Cointelegraph by Hermi De Ramos
Navin Gupta, managing director of South Asia, Middle East and North Africa (MENA) at Ripple, told Cointelegraph that education and introducing non-speculative use cases can help crypto companies navigate through varying regulations.
At the recent Ripple Swell 2023 event, Navin Gupta, managing director of South Asia, Middle East and North Africa at Ripple, told Cointelegraph that the industry should be regulated based on activity rather than the technology used. He said: “We don’t want people to think about regulating the technology… We want regulators, or anybody for that matter, to be technology-neutral. It doesn’t matter if the [activity] is happening in blockchain or traditionally.”
According to Gupta, besides educating and working with regulators to help them better understand the industry, introducing non-speculative crypto use cases, such as crypto remittances and payments, is key to navigating the region’s varying legal landscapes.
“Whenever you talk about non-speculative use cases and how crypto can play a part, regulators are all ears because there you’re not going to say that people are speculating to double their money. [You’re] going to say, ‘How can we make it easier for citizens to get a better benefit that they’re not getting today?’”
Ready full article: https://cointelegraph.com/news/ripple-exec-reiterates-need-tech-neutral-crypto-regulations
