Regulations for Crypto World
Why is it required to regulate crypto space? Regulation of any product/industry/currency etc. is always in the interest of all participating parties who have their vested interest in the entire concerned ecosystem whether it is Government, company, community (public) , Institutional investors, Crypto exchanges in India & abroad, inflow of foreign investments, Indian corporate sector, etc. Crypto s is the new product lin e in the financial market across the world and is under its’ phases of development. Currently not even a single country has prescribed thorough regulations for crypto s across the globe. Why regulations are required for all the participants having their vested interest in the crypto ecosystem : Government : Govt. can frame laws to control the ecosystem of crypto world to provide safeguard to the economy by controlling bad guys through the use of KYC/AML policies, defining the crypto assets with their definitions, prescribing different nature of punishment...