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Self regulation practices may become the base to regulate crypto exchanges

The current self-regulation in crypto platforms may become a base for the new regulatory framework if the government decides to regulate crypto as an asset class. This is because in the recent meeting convened by the Parliamentary Standing Committee on Finance with the representatives of crypto exchanges, the panel had a detailed discussion about the practices followed by exchanges while onboarding investors. The panel was chaired by BJP leader Jayant Sinha and it was the first ever meeting on the subject of cryptocurrencies by the government.

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