Definition ∞ An international exchange is a platform facilitating the trading of cryptocurrencies and digital assets across different national jurisdictions. These platforms allow users from various countries to buy, sell, and swap digital currencies, often supporting multiple fiat currencies and payment methods. They play a crucial role in providing liquidity and price discovery for global crypto markets. Operating across borders necessitates adherence to diverse regulatory frameworks and compliance standards.
Context ∞ International exchanges face a complex and fragmented regulatory landscape, with ongoing discussions about harmonizing global compliance standards to ensure market stability and consumer protection. A key debate involves balancing the desire for open, global markets with national security and anti-money laundering requirements. Future developments will likely include increased regulatory clarity and the emergence of more standardized cross-border operational frameworks.
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