Look at the regulations already imposed on exchanges. Consider the legal and tax liabilities businesses take on by involving themselves with cryptocurrencies. S

Look at the regulations already imposed on exchanges. Consider the legal and tax liabilities businesses take on by involving themselves with cryptocurrencies. Some nations have outright banned exchange of their national currency for cryptocurrency. If cryptocurrencies were not burdened by regulations, there wouldn't be the same informal market for person to person, cash to cryptocurrency transactions.