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Regulators need to look at the flaws beneath crypto-currencies

Focus on exchange rules, technology for safer trading

Bitcoin
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Advait Rao Palepu Mumbai
Markets of crypto-currencies are volatile as we approach the last week of the year, revealing gaps in its regulation and the technology that enables crypto-currency trading.
 
The bitcoin price (BTC) plunged below $13,000 on Friday, after nearly touching a high on $20,000 on the night of December 18.

While India does not consider crypto-currencies such as bitcoin as legal tender, regulators face challenges such as co-ordination among themselves, say analysts.
 
Indian crypto-exchanges haven’t faced problems with trading activities or with their technology platforms. Yet, the prices they offer are directly affected by the global-common blockchain technology and by the volatility in