Coinfirm - recently published (the full report is available here -> https://coinfirm-prod.objects.frb.io/assets/Coinfirm_Exchange_Report_March_2019_Public.pdf) the results of a survey that showed only 14 percent of 216 global cryptocurrency exchanges are licensed by regulators. The low coverage may not surprise anyone when considering the frequency of thefts, frauds and market manipulations that crypto exchanges in many jurisdictions disclose publicly.
The statistic partly reflects the fact that regulators and supervisory bodies around the world are still getting to grips with how to regulate cryptocurrencies (assets) and associated financial intermediaries. They face a number of challenges in their task:
-> Leveraging financial innovation while mitigating risks
-> Status of cryptocurrencies unclear
-> Fragmentation of U.S. regulatory system
-> Financial technology innovation
Do you think that more exchanges will implement regulations to be safer?