Brad Garlinghouse: “Ripple may relocate to Japan or Singapore

Ripple co-founder Chris Larsen has previously said that the company may leave the US due to the unfavorable regulatory environment. Ripple CEO Brad Garlinghouse confirmed his words.

In an interview with Bloomberg, Garlinghouse said that the company is considering several jurisdictions. He named the most likely countries to move to Ripple — Japan, Singapore, Switzerland, the United Kingdom and the United Arab Emirates.

“The common distinguishing feature of these states is that their authorities have clarified plans to regulate digital assets and cryptocurrencies,” said the CEO of Ripple.

According to Garlinghouse, the United States, unlike these countries, can not decide on the regulation of digital assets. Right now, it’s not even clear how to treat cryptocurrencies — as commodities, currencies, private property, or securities. Japan has created ” high-quality conditions for the development of a healthy market.”

“Regulation should not be a guessing game. Ripple is proud of its American heritage, and we would like to stay in the US if possible. But we really need transparent regulation in order to receive investment and grow as a company, ” said the CEO of Ripple.Recall that Chris Larsen (Chris Larsen) said
about the possible relocation of Ripple in early October.