There is always risk, however most of them using bypases or work in a legal gray area and this exposes users to great risks. By obtaining all the necessary licenses and adapting the infrastructure to the requirements of the regulators, exchanges will ensure both business security and reliable access to different forms of pay-in and pay-out on the platforms.  

Great market for that is Thaland since they are one of the few countries which have adopted all the necessary crypto regulations in 2019, including issuing security tokens, both for trading with STO and for issuing the STO, Digital Asset Business License, License for Cryptocurrency Broker, License for Cryptocurrency Dealer, and Cryptocurrency Exchange license by the Thai Ministry of Finance. working with relevant authorities including the Bank of Thailand, and the Securities and Exchange Commission, will uphold the law and maintain maximum quality of service for crypto users. Hope other countries will also follow up with regulating crypto market.

Regards,
Denis Lukavačkić