Why 2020 is an important year for cryptocurrency exchange regulation

Cryptocurrency exchanges represent one of the most diverse service offerings within the crypto industry.

Other differences can be found in the technical side of the trading offered by the exchange.

In a market that is now so big, this diversity allows crypto users to move to whichever exchange best suits their needs - a real win for those who are trading in the community.

To date, crypto exchanges have had a fairly easy life with respect to regulation and the amount of paperwork they have to do.

Considering the amount of cash that flows through some exchanges, it is quite astonishing that so far they have had minimal regulation.

This is the same license that Foreign Exchange companies will use.

Singapore Singapore was the original birthplace of the exchange.

Singapore now requires all exchanges to register with The Monetary Authority of Singapore.

The EU has now placed registration requirements on all exchanges operating within the Union.

Although countries such as Malta and Estonia already had these in place, all member states are now required to have cryptocurrency exchanges register within their respective country.