This is because governments around the world mandate that cryptocurrency exchanges comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) laws. Over the years, trading platforms have cumulatively lost Regulatory oversight: Unlike stock exchanges, cryptocurrency trading platforms can be incorporated anywhere in the world. : Unlike stock exchanges, cryptocurrency trading platforms can be incorporated anywhere in the world. If centralized cryptocurrency exchanges don’t appeal to you for some reason, consider peer-to-peer (P2P) trading platforms for cryptocurrency investing. As mentioned previously, cryptocurrency trading platforms are a common and lucrative target for hackers.

Source: The Nation August 15, 2021 19:52 UTC