Cryptocurrency Q&A
Is XRP banned from trading?
Is XRP banned from trading?
CherryBlossomBloom
Fri Jun 14 2024
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7 answers
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Could you please clarify for me whether XRP is currently prohibited from being traded? I've heard some conflicting information regarding its legality and would like to get a definitive answer. Is there a global ban on XRP trading, or is it just certain jurisdictions? And if it's not banned everywhere, could you please provide an example of a country or region where XRP trading is still allowed? Thank you for your assistance in clarifying this matter.
7 answers
KatanaSword
Sun Jun 16 2024
Recently, Coinbase and Kraken, among other cryptocurrency exchanges, have reinstated XRP for trading. This move comes after a significant ruling in the ongoing Ripple case.
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Caterina
Sun Jun 16 2024
The U.S. District Judge Analisa Torres rendered a decision stating that XRP, when traded on secondary exchanges, does not qualify as a security. This ruling has opened the door for exchanges to relist the cryptocurrency.
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DigitalWarrior
Sun Jun 16 2024
Ripple, the company behind XRP, has been embroiled in a legal battle since December 2020. The case centered around whether XRP should be classified as a security, which would have subjected it to stricter regulations.
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Stardust
Sat Jun 15 2024
Judge Torres' ruling marks a partial victory for Ripple in this ongoing case. While the company still faces challenges, this decision is a step in the right direction for XRP's future within the cryptocurrency ecosystem.
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Daniele
Sat Jun 15 2024
Coinbase and Kraken's decision to relist XRP is a testament to the market's belief in the cryptocurrency's potential. With this ruling, investors and traders can now participate in XRP trading with less regulatory uncertainty.
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