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WiseYoda

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WiseYoda

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Saturday, 01/25/2020 12:57:59 AM

Saturday, January 25, 2020 12:57:59 AM

Post# of 37930
Former Reserve Bank of India Governor and Chief Economist for The International Monetary Fund, Dr. Rajan offers his unique perspective.

“You don’t need to regulate value...”

Multiple regulatory concerns and differences between a store of value versus a transferring of value. XRP is a bridged currency and would be considered a vehicle of exchange. XRP is not a store of value, therefore there would not be a whole lot to regulate. When it comes to XRP value is simply transferred, which takes a few seconds. In laymen terms one would be using a digital asset/crypto currency as a vehicle of exchange. I can see why both the CTFC and FinCen are working together in bringing regulatory clarity to XRP as it can fall under either one, but with this understanding XRP would fall under FinCen as a crypto-currency.

https://twitter.com/ipinky77/status/1220727484968329229?s=21
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