More regulatory stumbling blocks have cropped up for cryptocurrency. Robinhood’s initial public offering has been delayed because of questions the Securities and Exchange Commission had over its crypto business. On Saturday, regulators banned top crypto exchange Binance from operating in the U.K. Binance also pulled out of Ontario on Friday after facing pressure from the Canadian province’s tight securities laws.
The setbacks underscore just how much say regulators have over crypto, especially when it comes to trading platforms and exchanges. These gateways to crypto have been essential in getting exposure for retail investors, contributing exponentially to the rising popularity of digital currencies.