Should Crypto Exchanges Be Allowed to Operate in Countries Without Local Licences?
Thailand’s decision to block Bitget over alleged unlicensed cryptocurrency trading raises an important question about how global exchanges should operate. Crypto platforms often serve customers across borders, but regulatory requirements differ significantly between countries. I understand why governments want exchanges to obtain local approvals, especially when retail investors are involved. However, forcing every platform to navigate completely different rules could also limit competition and access. Should international crypto exchanges need a separate licence in every country where they accept customers?
