Cryptocurrency regulation will have to address a number of issues. To address the fact that cryptocurrencies provide anonymity, regulations can ensure that crypto exchanges conduct customer verification checks and be trained on anti-money laundering. The exchanges themselves can be required to be registered in India to fall within the ambit of Indian law. To address taxation concerns, our laws can be amended to base the tax payable on the fair market value of cryptocurrency as on the date of payment or receipt. Any offers of cryptocurrency can be required to comply with disclosure requirements for investor protection. All this can be achieved by amending existing laws and does not need a new regulation.