Most cryptocurrency exchanges are registered in the EU, USA, Hong Kong and Singapore

Most cryptocurrency exchanges are registered in the EU, USA, Hong Kong and Singapore

According to the Crystal Bitfury analytic platform, the largest number of cryptocurrency exchanges are registered in the G20 countries and the European Union.

Crystal has published the BTC International Movement Report 2013–2019, which provides information on operations with Bitcoin and other cryptocurrencies around the world from January 1, 2013 to June 30, 2019.

The results show that the largest number of registered cryptocurrency exchanges is in the UK, USA, Hong Kong and Singapore. In Argentina, India, Mexico, Russia and Indonesia, such sites are the least. According to the report, about 10% of all exchanges are not registered.

As for operations with BTC, in 2013, 96% of all bitcoins transferred between exchanges were sent by sites from the G20 and others group, while in 2018 the number of such transfers from this group dropped to 70%. The report further states:

“In 2018, the total volume of BTC directly transferred between exchanges amounted to almost $ 92.6 billion. Exchanges from the G20, Hong Kong, and Singapore have transferred a total of $ 65.1 billion. ”

In general, such statistics are not surprising: the G20 countries and the European Union are most actively involved in the regulation of cryptocurrency companies and gradually make the work of unregulated exchanges impossible in their jurisdictions. For example, recently the G20 countries supported
FATF-issued cryptocurrency industry regulatory recommendations.

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In addition, EU countries are gradually introducing regulation for cryptocurrency companies in anticipation of the entry into force of the fifth EU Anti-Money Laundering Directive (AMLD) next year. Recently, the Central Bank of the Netherlands said it would start
Regulate cryptocurrency companies since January 2020. In August, it became known that the Czech Republic would introduce tighter regulation of cryptocurrencies than the EU requires. In July, the French regulator announced the imminent publication of rules for cryptocurrency companies, and in the spring of Finland began to regulate cryptocurrency services operators.


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