Some activities such as money laundering, fraud and tax evasion persist. These risks in the financial system, whether real or virtual, will not go away on their own. They cannot just fix themselves. The costs to the society of unregulated digital assets is high and require some action. Cryptos troubles should not leak into the financial system. Legislative attempts to design crypto rules will have to be both an international and national effort. This will help us prevent another ‘Lehman Brothers Moment!’