Crypto companies are ready to acknowledge the crypto innovation and adoption born out of Latam. Isabel Longhi, Director of Public Policy and Regulatory for Latin America at Ripple, stressed the region’s significance for the broader cryptocurrency ecosystem.

At a recent interview with Criptonoticias at the sidelines of Blockchain Rio, an event expected to gather 20,000 people to discuss current crypto trends, Longhi referred to Ripple’s intention to be involved in the regulatory changes happening across Latam.

“We want to do the regulatory part of stablecoins, tokenization, and also virtual asset service providers (VASPs),” she stressed, highlighting that the company will offer its assistance wherever needed due to its involvement in payment systems.

Longhi commented on the state of central bank digital currencies (CBDCs) in the region, with Ripple offering a CBDC platform and working with Brazilian and Colombian authorities before. She asseverated that the CBDC push has slowed down in Latam, but that Ripple will support these initiatives where needed.

She declared:

Now, the CBDC issue isn’t evolving as it did in the past. Not only in Brazil, but throughout Latin America, or perhaps globally. The development of these projects has slowed down a bit. That’s why we’re not as engaged with this. But it’s something that Ripple, if it can, will support.

Even when recognizing that not all countries had enacted comprehensive crypto regulation, praising Brazil, Argentina, and Colombia, and criticizing Mexico and Chile, Longhi stressed that Latam was “serving as a leader in the cryptocurrency discussion for the entire world.”

Ripple’s popularity in Latam has already grown, with 12% of all the crypto portfolios holding XRP, according to a report issued by Bitso, a Latam-based crypto exchange.

Read more: Bitso Report: XRP Rises as a Dark Horse in Latam Portfolios

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