The title is a bit misleading. The crypto exchange was legal already. The new law seems to consider crypto exchanges regular financial institutions, thus more r

The title is a bit misleading. The crypto exchange was legal already. The new law seems to consider crypto exchanges regular financial institutions, thus more regulated. As a result crypto is expected to be more trusted industry. > One of the main caveats to the enactment of the amendment is that cryptocurrency exchanges will need to comply with reporting requirements. Although the larger exchanges mostly comply with the new rules already, small and medium-sized exchanges may have trouble obtaining the contracts to reach full compliance.