While the cryptocurrency world continues to expand, regulatory authorities remain divided on regulating crypto exchanges and how to do it. The landscape is constantly evolving, making it difficult for investors to find out where, when, and how much to invest.
However, the call for regulation is gathering momentum all over the globe. According to a study released by Lithuania-based crypto payment company Mistertango, 88% of cryptocurrency exchanges want industry regulation. It comprised responses from 24 crypto exchanges across the world with a total daily trading volume of over $100 million. This change of attitude is going to prove crucial in the further development of the crypto market.
Read on to know more about why there is a need for regulation and where digital currencies stand in different jurisdictions.