Agreed, Centralized Exchanges play a significant role in the local domain in crypto adoption as I can't use Bitcoin only here because exchanges promote their own coins and other projects but in the end, everyone realizes what the best for them and why. For the centralized exchanges and their regulations, I do support them because with this the illegal outflow of the money in risk investment market can be directly minimized and governments can even track the user in entries and out entries as I will not care about it because i am not doing anything wrong in the open space. Yes, I consider my privacy a violation but when it will be regulated and in the hands of everyone then there will be alternatives to that too.

I do support in my final words the regulation of Centralized exchanges but not the way how India did in back 2022 Q3 haha.