Japan`s top securities regulator says XRP is not a security
(WorldNews Japan)

Japan`s Financial Services Agency (FSA), the country`s securities regulator, has confirmed to The Block that it views XRP as a cryptocurrency and not as a security. The question has become relevant recently in light of the U.S. Securities and Exchange Commission`s allegation that by selling XRP the firm engaged in sales of unregistered securities — and because just about one month ago Ripple CEO Brad Garlinghouse said that the firm might leave the U.S. in search of a more friendly regulatory environment. `FSA regards XRP as a cryptocurrency based on definitions of the Payment Services Act,` the Japanese regulator told The Block in an email Tuesday. `FSA refrains from...