Japón: la FSA confirma que XRP no es un valor
The legal precedent happened in Japan. The country's main regulator (FSA) has confirmed that Ripple is a cryptocurrency, not a security. There are no barriers to using XRP on Japanese exchanges.
The recognition of cryptocurrency status of the token means a lot to Ripple. The project management admitted a few weeks ago that the project could leave the inhospitable United States in search of a more regulatory advantageous jurisdiction.
The FSA has stated its position in an electronic document. His decision is based on the definition of the Japanese Payment Services Law. The department does not comment on the position of regulators of other countries. We have already written that this fact was confirmed by the Nomura Research Institute.
Of course, the FSA's decision in no way affects the confrontation between Ripple and the SEC. However, this is a great help for the project, which fell by a third after the Ripple management was accused of illegal sale of securities.
Taking into account the opinion of the Japanese regulator, we can definitely say that XRP trading on Japanese exchanges will continue. This can serve as a starting point in choosing Japan as the new “home” for the cryptocurrency Ripple and its team.