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Crypto representatives say ban unlikely to help, call for regulation
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(This story originally appeared in on Nov 16, 2021)
economictimes.indiatimes.comNEW DELHI: While suggesting that a ban may not help, industry representatives on Monday told a Parliamentary standing committee that cryptocurrencies should be regulated since they cannot be stopped, amid concerns over security and investor protection by some of the panel members. The Parliamentary standing committee on finance headed by BJP MP Jayant Sinha met representatives from the cryptocurrency sectors and other experts to get their views on the issue.
Experts from the Indian Institute of Management were also consulted as well as industry associations. The industry, as well as some of the experts, are learnt to have called for a regulatory mechanism to be put in place and highlighted
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