History has proved that no industry remained underdeveloped when it was organized. If there are no rules and regulations, the whole world of business would be a mess. Regulation of crypto is of course not a new issue in the industry. Crypto also must not come up as an exception and it should be regulated after a thorough investigation and research. There are numerous viewpoints that supports the regulation.

The investors had also been found positive on the issue of regulating the crypto. Observing the damage created by the negative image of the ICO, regulation can be a great boom to this industry. Jake Chervinsky who represents individual and corporate clients in high-stakes government enforcement actions and financial services disputes said that regulation in the form of token taxonomy can meet the requirements of crypto industry and legislation may act very importantly.

In the last two years, many projects have been already stopped due to the unavialbility of favourable conclusion from the government side. To protect the interests of the investors and the people sincerely working in this industry, the governments across the world shall consider regulation in this also like the other fields.

Sanjay 기자 [email protected]