Western regulators crack down on crypto exchange platforms

As the market for digital currencies has grown exponentially in the past years, the crypto environment has remained yet relatively lightly regulated. However, financial regulators and governing bodies have paid increased attention to crypto companies and have started to crack down on those market players who try to bend the few existing rules. Various blows to crypto companies came from operating illegally in certain jurisdictions, offering prohibited trading services, or doing business with sanctioned individuals.
In this alert, you will read some of the wrong doings of crypto exchanges, the risks that they bring to the market, and how national and international watchdogs are responding.