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Ripple CEO: If U.S. regulation continues to be unclear, Ripple may move its headquarters to Japan or Singapore

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Switzerland, UK and Arab countries are also under consideration

Rhythm Blockbeats news, on October 23, Ripple CEO Brad Garlinghouse (Brad Garlinghouse) said that if the US regulation continues to be unclear, Ripple needs to move out of the US, there is a high probability that it will Headquarters moved to Japan or Singapore. Garlinghouse revealed that Switzerland, the United Kingdom and Arabia are also under consideration, as all of these countries have clear regulatory frameworks for cryptocurrencies.

On the other hand, the U.S. has a different view of whether cryptocurrencies are commodities, currencies, property or securities, Garlinghouse said . Ripple has been engaged in a legal battle with investors who claim the company violated U.S. state and federal securities laws by selling XRP. The company maintains that while it owns a large amount of XRP, the network used to settle XRP transactions is decentralized.

Ripple is already active in Japan through its partner SBI, a major Japanese financial services group. The two companies formed a joint venture - SBI Ripple Asia - to provide blockchain-based payment services to financial institutions in the region.

Garlinghouse said: “Japan is one of our fastest growing markets, partly because we have important Partner." He said, "I have discussed with the SBI team the fact that we are looking at this country as a potential new location.

Earlier this month, Ripple co-founder Chris Larsen said the company could move to the UK or Singapore.