Making the case for multi-agency approach to regulate crypto firms

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Making the case for multi-agency approach to regulate crypto firms - Business Standard

Quick Summary:

He elucidated that the industry may arrive at regulations that are clear and enforceable across platforms after consultation."Till the time that stage is reached, self-regulation may be allowed which can bring out the nuances and help frame better regulations,” he added.

This is keeping in mind the constant evolution happening within this space," said Rajagopal Menon, vice president of WazirX, a crypto exchange platform.

The International Monetary Fund-Financial Stability Board (IMF-FSB), which came up with the policy framework for crypto assets globally, has set the timeline for addressing data gaps and collecting test data on crypto assets by the end of 2025.