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Crypto Exchanges Seek Comprehensive Regulation

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Crypto Exchanges Seek Comprehensive Regulation

FILE – An advertisement for the Bitcoin cryptocurrency is displayed on a street in Hong Kong, February 17, 2022.

Synopsis

Industry leaders said clear rules would help crypto players establish clear operational boundaries and avoid misinterpretations of regulations, which have often led to problems with tax and enforcement agencies. of the law.

Indian cryptocurrency exchanges want the government to put in place a comprehensive regulatory framework to help them better protect investors and tackle money laundering and terrorist financing, even though they have been rocked by raids ED, collapsing asset prices and falling volumes. While Indian lawmakers have implemented an aggressive tax policy, proper crypto regulation is still in the works. Industry leaders have declared clear rules

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