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“Crypto Regulators of the World Unite,” Says Renowned Lawyer -Breaking


“Crypto Regulators of the World Unite,” Says Renowned Lawyer
  • Jaguar Adva Gal is a prominent lawyer who asks regulators not to separate.
  • She believes that a unified regulation is the answer to many of the crypto world’s issues.
  • She believes we require strict but enabling regulations.

Crypto regulations are cropping up around the world — in the US, it’s the Biden Administration’s executive order; in India, it’s the 30% tax on profits gained from crypto transactions; in UAE, the regulatory body for virtual assets. As regulatory initiatives spring up all over the world, the question becomes: How will cryptocurrency evolve in the future? Jaguar Adva Gal shares her thoughts with us.

“We call the crypto regulators of the world to unite,” says Jaguar in an interview with CoinQuora at the Trescon WBS conference. “We need a unified regulation. And each country could enforce it to whatever level it chooses to.”

Jaguars says that regulations are needed to ensure companies and corporations can legally move in the right places and remain compliant. “However, we need that regulation to be an enabling one,” she adds. “For example, requiring NFT companies to KYC each and every client, even for very small and minor transactions, is not realistic in their world. They won’t have a business.”

However, she believes that regulations must be in place to prevent money laundering and fraud. She urges regulators to meet and cooperate on crafting crypto-specific and NFT specific-regulations — that are enabling but also strict.

JAGuar Lawyers focuses on international business law consulting, including building companies’ contractual structure, international licensing, regulatory compliance, and court litigation, as well as legal financial arbitration. Jaguar Adva Gal is the leader of the JAGuar Lawyers. She also serves on Future1 Exchange’s advisory board. FotuneZ’s Chief Compliance Officer, she is also involved in IQONIQ. In her quest to increase knowledge within the sector she’s also working on a first-of-its kind legal book on Blockchain.

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