Regulating the Unregulated: Legal Frontiers in the Age of Cryptocurrency

Widespread adoption of cryptocurrency on a global scale has created new and unique challenges for lawmakers. The rise of decentralized digital assets are reshaping finance, trade and investment, and the absence of consistent regulation exposes consumers to fraud and money laundering, market manipulation, and consumer protection adherence risks. In this paper, we have gauged the available legal tools in the cryptocurrency era and have reviewed cross-border regulatory regimes, jurisdictional challenges, and technological responses and have identified the road to a credible regulatory framework. Relying upon qualitative analysis and a comparative legal perspective, this article underscores the necessity that for the preservation of stability and security of digital financial systems the right mix of innovation and regulation ought to be struck.