Good governance in the crypto industry includes transparent decision making process, clear communication channels and accountability mechanisms. It involves the standard development and best practices for privacy, security and protection of data. When investors and users have confidence in the governance of the crypto currency project they are more likely to invest and participate in its ecosystem. Good governance can also help to prevent fraud and other illegal activities in the crypto industry. It would develop more trust among the investors. Good governance is important for the success and growth of the crypto currency industry.