This article was first published on: Insights – Ripple --

Ripple supports Washington, DC based Coin Center. Image: Shutterstock

Innovation in banking often results from the convergence of three key domains: financial services, technology, and regulations. The regulatory framework is a crucial aspect of innovation. When crafted in a balanced, proactive way, regulations can directly drive positive innovation and market competition.

This is why Ripple has been an active participant in key policy discussions, advocating for policy that supports innovation and participating in industry initiatives such as our role on the Steering Committee of the Federal Reserve’s Faster Payments Task Force.

Regulatory frameworks help ensure the safety and security of financial products and the technologies that enable them. They create certainty, instill customer trust and enable broader adoption. For this reason, it’s vital that the frameworks developed to govern new technologies, such as virtual currencies, be done so in a way that mitigates risk and protects ...

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