This week, Germany’s top regulator called for global regulation of the cryptocurrency industry in order to protect consumers, prevent money laundering, and maintain financial stability. The president of Germany’s financial market regulator BaFin, Mark Branson, stated that a hands-off approach that would “just let the industry grow as a playground for grownups” was the wrong strategy. “We’ve seen the world of self-regulation. It’s not going to work “On Tuesday evening, Branson told journalists in Frankfurt. According to Branson, a “crypto spring” may follow what has been a “crypto winter,” but the industry that emerges will likely have more ties to traditional finance, increasing the need for regulation.