Crypto exchanges seek comprehensive regulation
Synopsis
Industry leaders said clear rules would help crypto players set clear operational boundaries and avoid regulatory misinterpretations, which have often led to problems with tax and law enforcement agencies.
Indian cryptocurrency exchanges want the government to put in place a comprehensive regulatory framework to help them better protect investors and combat money laundering and counter-terrorism financing, even as they have been plagued by ED raids, collapsing asset prices and falling volumes. While Indian lawmakers have introduced an aggressive tax policy, proper crypto regulation is still in the works. Industry leaders said clear rules
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