I have to say that as far we are yet to see a regulatory body to guide about regulation of business in crypto market and exchange, we are going to continue seeing such practice going on. Such regulation would stop some illicit transactions from happening in the first place.
I am highly convinced that there is now the need for a strong, solid and cut-clear regulatory framework that all cryptocurrency exchanges have to follow in order to protect the interest of the people who are trusting these entities. Right now, there is no more question that exchanges are getting to be more powerful and influential every day as they generate more revenues on global scale. Human nature remains the same whether one can be in traditional or the new financial platform so laws have to be made and implemented for all players. A good regulation on this market can boost more trust and confidence from investors and traders resulting into more vibrant and transparent business.
