“Crypto needs clear regulatory framework now”
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Cryptocurrencies like Bitcoin operate across borders without traditional banking oversight, creating regulatory gaps that governments worldwide are now addressing. The debate centers on whether clear legal classifications—distinguishing crypto as currency, commodity, security, or asset—would protect consumers and prevent financial crime, or stifle innovation in a rapidly evolving sector. This matters now because crypto markets have grown to trillions of dollars, yet regulatory frameworks remain fragmented and inconsistent across jurisdictions.