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The general purpose of financial compliance, or lack thereof, are and for any financial regulator.
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What are Crypto Exchanges? Full Guide for Beginners (Animated)Improved customer transparency and trust � Reduced potential for money laundering and other scams � Reduced legal risk � Enhanced stability of the crypto market. If an unregistered cryptocurrency exchange fails, you could lose up to the full value of all the digital assets that you deposited on the exchange. Regulators will prioritize protecting consumers from fraud and manipulation in the crypto space. � Regulators will direct their enforcement.
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