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  <p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/ripple-and-uk-government-discuss-xrp-adoption-in-uk-markets/">Ripple and UK Government Discuss XRP Adoption in UK Markets</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
  <p>Breaking news from the UK’s cryptocurrency scene highlights Ripple Labs Inc. taking a pivotal role in discussions around the future of crypto-asset adoption. The details, revealed by Edward Farina, the Head of Social Adoption at XRP Healthcare, show Ripple’s high-level involvement in conversations with the UK government.</p> 
  <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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     <p lang="en" dir="ltr">BOOOOOOOOOOOM <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a3.png" alt="💣" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/RIPPLE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RIPPLE</a> has been communicating with the UK GOVERNMENT and the document below features in the official UK Parliament website describing <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> for Cross-Border Payments for instantaneous bridge between fiat currencies and the <a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPL</a> as a decentralized open source. <a href="https://t.co/MhKgDKA3D1" rel="noopener noreferrer nofollow">pic.twitter.com/MhKgDKA3D1</a></p>— EDO FARINA 🅧 XRP (@edward_farina) <a href="https://twitter.com/edward_farina/status/1678773959683371009?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 11, 2023</a> 
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  <h2 class="wp-block-heading" id="strong-ripple-fuels-uk-governmental-dialogue-on-crypto-strong"><strong>Ripple Fuels UK Governmental Dialogue on Crypto</strong></h2> 
  <p>Ripple has spoken in favor of the UK Government’s and Parliament’s engagement with crypto-assets. The company specifically commended the Financial Services and Markets Bill, HM Treasury’s proposed Crypto-Asset Engagement Group, and the Financial Conduct Authority’s regulatory sandboxes, all indicative of the government’s earnest approach towards the sector. Ripple is hopeful about more such initiatives in the future.</p> 
  <h2 class="wp-block-heading" id="h-call-for-customized-regulation"><strong>Call for Customized Regulation</strong></h2> 
  <p>Although Ripple acknowledges a shared sentiment for improved regulation of the sector, they suggest that such regulation be adaptable and cognizant of the unique characteristics of the industry.&nbsp;</p> 
  <p>The company emphasizes the distinction between B2B and B2C crypto-assets, and highlights the urgent need for enhanced understanding and awareness of the various types of crypto-assets, moving beyond the narrow scope of ‘meme-coins’ or pump-and-dump schemes.</p> 
  <p>XRP, Ripple’s crypto-asset, has been consciously developed with a minimal environmental footprint, a significant consideration as blockchain technology often comes with high energy consumption. Ripple maintains its commitment to the sustainability discourse in the face of the growing adoption of crypto-assets worldwide.&nbsp;</p> 
  <p>The company underscores the compatibility of crypto-assets with a low-carbon economy that prioritizes renewable energy and minimizes environmental harm. In a prime example of this commitment, Ripple joined hands with Energy Web (EW) and the Rocky Mountain Institute (RMI) in 2020 to reduce the carbon footprint of public blockchains.&nbsp;</p> 
  <p>As part of this initiative, they commenced with the XRP Ledger, the first major global blockchain to be decarbonized. On a corporate level, Ripple told the UK government that it has set the ambitious goal of achieving carbon neutrality by 2030 or earlier.</p>
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Ripple and UK Government Discuss XRP Adoption in UK Markets

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