Could licencing of crypto exchanges boost adoption of crypto?

[Raymondblue]

It is true that there is always light at the end of the tunnel. After months of battling with Non compliance regulation architecture which has forced them out of some European countries and the recent case with SEC. It's good to see Binance in good spotlight again after securing license to be the first CEX to operate in El Salvador. There are a couple of other exchanges like Bitget who has also gained more ground across the continents especially in Asia recently due to the exchange compliance to local authorities in delivering quality crypto services to her users having obtained the required licence of operation.
I am excited for this development because investors/users have more confidence in an exchange who has the requisite permit of operation. If more crypto exchanges are to be licensed, do you think it could help boost the confidence of users towards mass adoption of crypto?

 

[MdSanto]

Absolute encouraging indicators for the cryptocurrency business can be seen in the recent developments with Binance and other renowned exchanges like Bitget. Licensing more cryptocurrency exchanges could be essential for widespread adoption. Regulation affords people protection from potential risks and gives the industry a sense of legitimacy. Users are more likely to feel confident utilizing these platforms for trading and investing when they can see that exchanges are following rules and acquiring licenses as required.