Mistertango, a crypto-friendly payment company, has revealed that, contrary to perception, the majority of crypto exchanges want industry regulation. Respondents believe regulation is needed for the industry to mature with nearly a third fearing a major market crash and sudden devaluation of assets without change. Despite the desire for regulation, law makers must be careful not to regulate cryptocurrencies out of existence.
The study was based on responses from 24 crypto exchanges across Europe, Asia, South America and Oceania, with total daily trading volumes of over $ 100M USD. The study’s aim was to assess feelings towards regulation, anonymity and the maturation of the crypto market.