Ripple CEO Praises the State of Cryptocurrency Regulation in Brazil

Brad Garlinghouse, CEO of Ripple, a payments and cryptocurrency service provider, has praised the state of cryptocurrency regulation in Brazil, one of the largest crypto markets in Latam. In an interview with Valor Economico, Garlinghouse highlighted the central bank’s work to make Brazil an enticing destiny for crypto companies. “Brazil is one of the fastest-growing markets in the adoption of crypto assets and blockchain. The Central Bank of Brazil has been very constructive in relation to regulation and this creates opportunities,” he stressed. Also, he hinted at turning Ripple’s office in Sao Paolo into a central hub for the company’s activities throughout Latam, propping up the value of tokenization as an opportunity for the organization in the region. “I see an opportunity in exploring blockchain for the tokenization of real assets. I say this in the US, in Brazil, in Europe, and everywhere. It’s an opportunity to reach new investments,” he concluded.