A high-profile financial technology company could move out of the United States. The CEO of cryptocurrency venture Ripple (XRP) is thinking of moving his company\u2019s headquarters to London.Brad Garlinghouse thinks the United Kingdom\u2019s regulatory environment is more favorable than the USA\u2019s, CNBC reports. Garlinghouse is investigating Switzerland, Singapore, the United Arab Emirates, and Japan as possible new homes for Ripple, Pymts.com notes.Ripple\u2019s executive chairman Chris Larsen even mentioned the possibility that his company could move to Britain or Singapore at the 2020 LA Blockchain Summit, Pymnts.com reports. Ripple\u2019s current headquarters is located in San Francisco.I think Garlinghouse and Larsen fear the US Securities and Exchange Commission (SEC) could ban Ripple (XRP). Notably, The SEC blocked Telegram\u2019s TON cryptocurrency scheme last year. I think the SEC could target Ripple which banks and companies use for wire transfers and remittances.I think Garlinghouse and Larsen are voicing what many Fintech, banking, investment, and technology executives and entrepreneurs are thinking.Those people fear the United States is no longer a safe place to conduct business. The executives fear that coronavirus, political unrest, riots, violence, economic upheavals, and income inequality make America a dangerous place to do business.Riots brought New York City, America\u2019s financial capital to its knees over the summer. Police were unable to stop mobs from vandalizing and pillaging hundreds of shops in Manhattan in June and July 2020.Such violence makes places such as London, Tokyo, Berne, and Singapore attractive in comparison.America\u2019s out-of-control coronavirus pandemic could be another factor in Ripple\u2019s relocation considerations.On 27 October 2020, Worldometers estimates America had experienced 231,193 coronavirus deaths. Moreover, Worldometers recorded 5,329 new coronavirus in the United States on the same day.In contrast, Worldometers estimated the United Kingdom had experienced 44,998 coronavirus deaths. Moreover, Worldometers estimates there were 2,225 coronavirus deaths in Switzerland and 1,718 coronavirus deaths in\u2026<\/p>","protected":false},"excerpt":{"rendered":"
A high-profile financial technology company could move out of the United States. The CEO of cryptocurrency venture Ripple (XRP) is thinking of moving his company\u2019s headquarters [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/2591"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=2591"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/2591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media\/2592"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=2591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=2591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=2591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}