86% of Cryptocurrency Exchanges are Operating without Regulatory Licenses

86% of Cryptocurrency Exchanges are Operating without Regulatory Licenses – Crypto Economy

In a recent report by London-based regulatory technology (Reg-tech) company Coinfirm, only 14% of more than 200 cryptocurrency exchanges are actually licensed by regulators. The startup, which tracked 216 exchanges, found out that these exchanges accounted for more than 90% of global crypto activity.