Quote from: Sharma on August 13, 2016, 08:52:22 PM

Quote from: mayax on April 21, 2016, 04:20:29 PM

Why do the people still use unlicensed exchangers like Kraken, Xapo, BTC-e, Okcoin, BTC China, Bitfinex and many others? All of them are out law and they can be closed anytime and your money lost...

This is only the most recent example but there are so many like: http://www.coindesk.com/men-plead-guilty-running-unlicensed-bitcoin-exchange/

They obviously dont have choice.Unless governments regulated bitcoin and accept it as currency,they will not give license to bitcoin exchanges

wrong. BTC is like a commodity.

Any broker/forex/exchanger must get a financial license according to the local/international laws(if they want to operate internationally). More, if they want to operate in USA, the exchanger must get a license from each state(50 licenses in total). If the exchanger wants to deal in European Union, it must get a license in any state from EU and this license will be passported to other EU countries. If the exchanger want to deal in Australia, it must get an license from there too.If it wants to deal in China, it's the same...and so on.

This is the way an exchanger is fully in compliance with the law. Be sure that a such exchanger will run over night and it won't make haircuts like Bitfinex did and then to offer you shit tokens.