US lawsuit against Ripple worries India’s cryptocurrency exchanges
On 22 December, the SEC filed a complaint against Ripple for an 'unregistered securities offering', alleging that XRP was a security rather than a currency
A US lawsuit against Ripple Labs Inc., the issuer of the world’s third-largest cryptocurrency, has sent the value of the XRP currency plunging but Indian exchanges have refrained from restricting its trading although they are closely monitoring the case.
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