Ripple Warns: This Country Is Falling Behind In The Crypto Race
Ripple, the blockchain-based payments firm behind XRP (CRYPTO: XRP), is raising fresh concerns over the UK’s sluggish approach to crypto regulation, arguing that it’s leaving British banks unwilling to engage with digital assets.
What Happened: At a policy summit held in London, Cassie Craddock, Ripple’s Managing Director for the UK and Europe, said that the country’s banking institutions remain hesitant to adopt Ripple’s services due to lingering uncertainty around crypto laws.
“It’s still difficult to access basic banking services because of this uncertainty,” she said, adding that large banks continue to keep their distance.
Craddock recalled being dismissed by major banks during earlier attempts to introduce Ripple’s solutions. “Back in 2017, financial institutions would hear us out and then never return our calls,” she said.
Although conditions have since improved in the EU, where banks are increasingly embracing digital asset services …
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