Do crypto exchanges need government license to operate?

[Min George]

When it comes to trading crypto, the role of crypto exchanges can't be overemphasized. Given the way counties are haunting crypto exchanges now, is it that a crypto exchange must get a government license to operate in a country to be free from government prosecution?

 

[eLdavis]

Like every other business, the crypto exchange is still a business and requires a license or approval from the government before they can operate.

 

[Suba]

Of course, every crypto exchange must have a license from the government where it will operate, for example Binance is banned in several countries, also in my country the mobile app is not available, so I have to access via the website and download the Binance APK on an Android mobile.

 

[Nomad]

Yes, crypto exchanges need government license to operate. Exchanges are governed by the financial rules in the country where they operate

 

[Trush Jodie]

When you consider that crypto exchanges have access to a country's banking database, it becomes more necessary for them to have a license.

 

[Fidelia]

Any crypto exchange that doesn't have a government license would be hounded by government and their image would be battered.