Moneycontrol has written this news quoting sources that crypto exchanges have suggested to the government. The suggestion is that it introduces a licensing system for exchanges and other intermediaries and regulates cryptocurrencies by creating stricter rules to monitor funds used in crypto trading. The Blockchain and Crypto Assets Council (BACC) has said that investors' safety concerns can be addressed by implementing a registration or licensing regime.
New Delhi. Crypto exchanges have suggested the government to introduce a licensing system for exchanges and other intermediaries and regulate cryptocurrencies by creating stricter rules to monitor funds used in crypto trading.
Moneycontrol has written this news quoting sources. According to the news, the Blockchain and Crypto Assets Council (BACC) has said that the concerns related to the safety of investors can be addressed by implementing a registration or licensing system. He said that with this arrangement, it will ensure to manage exchanges and other crypto wallets in a better way as well as get the necessary information.