That is pure bullshit! Crypto Is Self Regulating and is SAFE because it is Free From Government Regulations. Government can't really regulate Crypto but they want you to believe that they can so you play along.

Don't worry, if we find out some exchange is defrauding its users like HitBTC then they will be cast out by their users. You only have to get ripped off once to learn your lesson. People will stop using HitBTC and Governments will still try to control everything they can't. Just look at what happened to #cannabis. Now the US is the only country in North America that hasn't legalized #cannabis! Ain't that funny?