How to regulate cryptocurrencies

A systematic approach to designing the correct regulatory strategy


Illustration: Ajay Mohanty

Ajay Shah
Answering four questions leads to the optimal financial regulatory design when faced with any new situation. When we apply them into the ownership and use of cryptocurrency, there are some concerns about consumer protection, and there is a reasonably simple strategy which can be applied when Indian financial service providers engage with Indian residents.

For many people, financial regulation is what today's financial regulators do, it is what satisfies powerful political lobbies, or interference, into the things that one does not like. Financial regulation should not be such casual use of state violence. There is a structured and disciplined approach through
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Nov 29 2021 | 12:37 AM IST

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