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The owner of the third-largest cryptocurrency says governments are right to regulate ICOs

“Governments around the world are right to step up regulatory pressure on initial coin offerings (ICOs), the CEO of blockchain firm Ripple has told CNBC. Brad Garlinghouse, whose company is the owner of the third-largest cryptocurrency by market capitalization, XRP, questioned whether new digital currencies were “solving real problems.”” writes Ryan Browne for Garlinghouse said Ripple, by contrast, is focused on solving a “trillion dollar problem” with its distributed ledger platform, which connects banks with payment providers and cryptocurrency exchanges.”And so I think it’s good that you have regulators intervening and stepping in, in countries around the world.”. But they have caused a stir internationally in recent weeks, with a number of regulators either clamping down or banning them outright.

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