CEO Ripple ocuded India to the top of the world

Ripple's General Director, Red Gralinghaus, spoke about the relevance of India's rights to the Turkscryptocurrency.

He is disappointed by the government'srelation to a new class of assets, as it squeezes the industry. With this, he added that in India, one of the largest groups of careers, not served by banking services.

Disappointing to see India flip flop on crypto, hamstringing a nascent industry which could serve one of the biggest populations of unbanked / underbanked citizens. https://t.co/ffMUIQOnA7

— Brad Garlinghouse (@bgarlinghouse) September 16, 2020

This commentary is made in response to the news that the Indian Federal Office is developing a new law that prohibits trading with any digital currencies.

For a few years India has been tryingstrangle the cryptocurrency industry. Back in 2018, the Reserve Bank of India (RBI) introduced a bank ban on the exchange of cryptocurrencies, which was canceled by the Bepx court of the country on 4 March of this year.

After the cancellation of the ban on the bourses, a 450-percentage increase in the volume of trading with cryptocurrencies in India was observed, but the new law may come to the end of the day.

This attitude of India to the industry of the cryptocurrency seems to be constructive, taking into account that in the country there is a problem of financial accessibility.

There are about 190 million adults in the state, not served by banking services (which can be compared only with the middle China), and a copy of the wine was made by the city.

LOOKING AT YOUR OWN NATURE INin relation to cryptocurrencies, the new law gives priority to innovations in the field of blockchain in the management of the chain of supply, the management of soil and soil preparation

In his speech at the Summit on the idea of ​​Prime Minister of India Hapendpa Modi, he emphasized the importance of such advanced technologies at the time, like 5G, big data and block:

"The first in India is the largest number of Internet users in rural areasThe number of users of the Internet in the city. In India, it has a half of a million people.We're seeing more opportunities in 5G, more data, more blockchain, IoT."

</p>