Regulatory bodies play a crucial role in cryptocurrency markets by overseeing and enforcing rules and regulations to protect investors, prevent fraud, maintain market stability, and ensure compliance with anti-money laundering and know-your-customer requirements. They are responsible for licensing and monitoring cryptocurrency exchanges, setting standards for initial coin offerings (ICOs), and investigating and prosecuting any cases of market manipulation or illegal activities within the industry. Overall, regulatory bodies aim to create a safer and more transparent environment for participants in the cryptocurrency market.
