“..the (crypto) industry should be regulated through exchanges. These entities account for the bulk of the volume of activity in most major crypto networks and provide a point of entry for most retail and institutional investors into the crypto market,” read the report drafted by Esya Centre and Observer Research Foundation. MediaNama has reviewed a copy of this report. The report suggests that crypto assets are likely to form the basis for future forms of the internet and it would be unwise to place a ban on private crypto assets as these can result in significant revenue loss to the government and force nascent industries to operate illegally. “Most regulatory formulae necessary to address policy concerns related to crypto-assets, such as investor protection, money-laundering and tax evasion, already exist in financial legislation. They just have to be adapted to accommodate…
