On October 21st, in a panel discussion at Digital Commerce, Ripple's head of government relations, Michelle Bond, said that Ripple is actively working with governments in 50 countries around the world to ensure compliance with all AML, BSA, CFT and other requirements. . There is a misunderstanding about how the blockchain is not regulated. Ripple is not only regulated, but also has a currency service business license from FinCEN and holds BitLicense from the New York State Financial Services Department. Ripple is largely operated within a regulatory framework. Ripple also works with exchanges regulated by the money services business and registered with FinCEN.