Didn’t know about this ISO standard but its good to see more altcoins getting into this accreditation to prove their legitimacy. I wonder why there’s still a problem with XRP while they are really complying with the regulations. Well, the purpose of this ISO requirements is to give assurance to companies who are planning to use the platform of a specific altcoins, this can be a big help to attract investors.
The reason is that SEC thinks that Ripple conducted an illegal security offering and it is a different issue from being an ISO20022 compliant. Since as stated if declared security it needs to secure a license from the authority to conduct and established a company. Though Ripple denies that allegation.
The famous Ripple v/s SEC lawsuit started in late 2020 with a complaint from SEC (Securities and Exchange Commission), that Ripple has conducted illegal security offering from one of the XRP digital assets. SEC lawsuit claims that XRP is known as a security in the cryptocurrency market and is not a cryptocurrency