Indian Regulator: Crypto’s Decentralized Nature Makes Regulation Challenging
India’s market regulator, the Securities and Exchange Board of India (SEBI), says the decentralized nature of crypto assets makes consumer protection and regulatory enforcement challenging. SEBI on Crypto Regulation The Securities and Exchange Board of India (SEBI) reportedly told the Parliamentary Standing Committee on Finance that the decentralized nature of crypto assets makes any consumer protection or regulatory enforcement of this asset class challenging. Noting that “crypto assets are maintained in decentralized distributed ledgers,” SEBI....
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Regulation in the world of Bitcoin and cryptocurrency is often seen as a double-edged sword. But if Circle has a say in the matter, more regulation will be beneficial, and it is direly needed as well. The benefit of regulating Fintech and Bitcoin is how it would give both industries a more legitimate appeal. Far too often, media outlets and consumers see....
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