Odaily Planet Daily News Ripple CEO Brad Garlinghouse said at the Token 2049 conference in Singapore: “The underlying part of encryption is anti-regulatory and anonymous, but in my opinion, if we want this industry to flourish, we need to implement it fundamentally. "With the goal of changing the way financial infrastructure operates, we cannot pretend that government regulation doesn't matter."
Garlinghouse further said: "Anti-money laundering is important, KYC is important, and if you think we're going to get around these things, then I don't think this industry is going to really thrive five to 10 years from now." (The Block)