Home-grown cryptocurrency companies call for multi-agency regulation

Industry warns of complex, time-consuming legislation through a single regulator before 2025

Home-grown cryptocurrency firms suggest that regulating the sector may necessitate the involvement of multiple agencies, given the approaching deadline to develop a unified framework.

Industry participants believe that creating comprehensive legislation through a single regulator could be complex and time-intensive ahead of the 2025 timeline.

The International Monetary Fund-Financial Stability Board (IMF-FSB), which developed a global policy framework for crypto assets, has set a deadline to address data gaps and gather test data on crypto assets by the end of 2025.

Reports indicate that the Securities and Exchange Board of India (Sebi) may propose supervision by multiple