I can't imagine what is happening in a country that is regulating those kinds of transactions. But in my country we don't have any hesitation or doubts on doing it publicly. It must be that we are an opened country from modern technologies and new ideas of investments mechanisms. It is been a practiced of my colleague to do that because it can bypass fees on exchange wallet locally. By the way, were don't have a law for or against cryptocurrency.
every country has a different law about bitcoin, but there is no single law that states that bitcoin exchanges violate the law, so wherever bitcoin exchanges do not violate the law, it is safe to be safe, as long as everything is not excessive and transactions are not suspicious, security won't do anything.