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Tax-Free XRP? Ripple CTO Confirms No Tax on XRP Ledger

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The post Tax-Free XRP? Ripple CTO Confirms No Tax com. Ripple CTO David Schwartz has addressed a recent question concerning XRP and how XRP Ledger works. The question posed by Matthew Sigel, VanEck’s head of digital assets research, was “If XRP holders aren’t earning anything from the ecosystem, and the protocol doesn’t accrue value, who’s the one collecting the tax?” Sigel had already taken on the XRP community by asking for the utility of the XRP Ledger blockchain. The Ripple CTO responded to this, answering, “You asked what the blockchain actually did. You got an answer. Your response was that you couldn’t get passive income from it. Is the blockchain ethos ‘no middlemen, be your own bank’ or is it ‘if I can’t tax other people for a passive profit, I don’t care about it?” Acknowledging Schwartz’s response, Sigel asked further about who collects the tax if XRP holders do not earn anything from the ecosystem and the protocol does not accrue value. There really is no tax. You can use XRP to issue assets, trade them, issue NFTs, make payments, and so on. The closest thing to a tax is the transaction fees and reserves that serve as an anti-spam measure. The ledger is a public good that belongs to everyone. Nobody has any.- David ‘JoelKatz’ Schwartz (@JoelKatz) November 14, 2025 To this, the Ripple CTO answered that there is really no tax on XRP Ledger as XRP can be used to issue assets, trade them, issue NFTs, make payments, among other things. Ripple CTO: Holding XRP gives you XRP Schwartz explained that the closest thing to a tax on XRPL is the transaction fees and reserves that serve as an anti-spam measure. Transaction fees are systematically burned on XRP Ledger, putting deflationary pressure on the total supply of 100 billion XRP, with 14, 241, 275 XRP now burned in.

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Banks Navigate Compliance in Digital Asset Custody

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The post Banks Navigate Compliance com. James Ding Nov 14, 2025 11: 38 Banks are integrating digital asset custody with new compliance frameworks, aligning with global standards like NIST CSF and DORA to secure assets effectively. Banks and financial institutions are increasingly incorporating digital assets into their operations, marking a significant shift in the financial landscape. This transition presents new challenges in terms of threat vectors and custody models, necessitating alignment with emerging supervisory standards. Global regulators are establishing frameworks to formalize best practices in digital asset management, although specifics on custody architecture remain underdeveloped, according to Fireblocks. Framework for Digital Asset Custody Fireblocks has introduced a custody technology framework designed to support regulated institutions by aligning their infrastructure with supervisory expectations and operational best practices. This framework focuses on key areas such as risk management, control enforcement, and governance, aiming to provide a secure and scalable model for digital asset custody. The framework is structured around four core domains: compliance-related controls, technical safeguards, transaction processing, and monitoring and resilience. It aligns with global regulatory expectations, including NIST CSF 2. 0, offering banks a model to operationalize custody governance effectively. Comparing Traditional and Digital Asset Compliance Regulators are extending traditional control expectations into blockchain environments, adapting them to reflect cryptographic infrastructure and real-time operational risks. Key distinctions between traditional and digital asset compliance frameworks include differences in custody models, governance, and risk controls, as well as technology risk expectations and third-party oversight. These adaptations highlight how banks must redefine risk management strategies to accommodate digital asset activities, positioning compliance as a critical operational component. Core Risk Management Domains As regulatory expectations evolve, institutions must embed controls across custody operations. Compliance-related controls must address traditional regulatory requirements and specific blockchain risks, including transaction monitoring, sanctions screening, and know-your-customer (KYC) processes. Technical.
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