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Securities and Exchange Commission alleging that the cryptocurrency is an unregistered security. The announcement comes after Coinbase Inc.

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The SEC alleges Ripple ripple exchange billions of XRP in exchange for noncash considerations such as labor and market-making services, which is the key to its complaint. Offering cryptocurrency is not illegal when the purpose is to provide a digital currency for trading, but per the Securities Act ofany offer that involves funds being raised for ripple exchange company must be registered as a security.

Binance bonus collector in a support article that its support for XRP will end on Jan.

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While support for XRP including trading and deposits will be suspended, Binance users will still be able to withdraw XRP holdings from their Binance wallets. Ripple continues to deny the allegations strongly.

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No other country has classified XRP as a security. According to Pyments. Bittrex will delist XRP on Jan.

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At a time where bitcoin continues to hit record highsXRP investors have been hit hard. After having traded as high as The more subscribers we have, the more YouTube will suggest relevant enterprise and emerging technology content to you.

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