For much of the past decade, the cryptocurrency market operated largely unchecked due to slow regulatory responses. However, this dynamic is shifting, with new regulations like the Anti-Money Laundering (AML) directives and the Markets in Crypto Assets (MiCA) framework tightening control over these platforms.<\/p>\n
One of the primary dangers is the heightened potential for fraud. The anonymity of non-KYC exchanges attracts criminals who can carry out scams without identity verification. This often results in sudden fund losses when exchanges shut down, making it easier for fraudsters to manipulate markets.<\/p>\n
Regulatory changes are also increasing scrutiny on these platforms. Authorities are cracking down on non-compliant exchanges, viewing them as facilitators of illicit activities and enforcing stricter controls.<\/p>\n