Comment by Bayart

Being in the thick of it, I can tell you the compliance side is pushing towards what exists in traditional finance, be IT, money laundering, accounting practices etc. At least in Europe and to a lesser extent the US. If you go working at new banks (say Revolut or N26) or at growing asset-managing crypto companies in Europe you'll find the landscape to be extremely similar.

As far as I'm concerned, if you're parking money with a company based in an area that has lax regulation you're holding the gun that'll shoot your foot. I have a hard time seeing something like this happen at Bitpanda or Kraken, though you never know.