Why are clear rules important in managing the crypto boom to protect investors?

[klassicdoll]

With the rise of cryptocurrencies, the world of finance is fast-changing. With more people investing in it nowadays, fraud has increased as well. In today's world, rules that cover cryptocurrencies vary from country to country, which causes confusion and makes potential investors hypervigilant. To deal with the issue, regulators may mandate risk disclosure and license requirements for exchanges. Achieving a balance between consumer safety and innovation is crucial for the bitcoin business to flourish.

Thoughts on this?

 

[Suba]

Clear rules made by governments from various countries, to protect consumers especially in crypto exchanges must have a license/registered to operate in a region or country, so that it will reduce money laundering, reveal user identities through KYC and AML. But for the crypto boom the government cannot prevent or control.