Definition ∞ National exchanges are regulated trading platforms operating within a specific country’s legal jurisdiction. They facilitate the buying and selling of various financial instruments, including securities, commodities, and increasingly, digital assets. These exchanges adhere to national laws and regulatory frameworks, providing a structured and compliant environment for market participants. They often serve as primary venues for domestic capital formation.
Context ∞ In the digital asset space, national exchanges are vital for localized market access and ensuring regulatory compliance. News reports frequently cover their efforts to integrate cryptocurrency trading, secure necessary operational licenses, or adapt to country-specific digital asset regulations. These developments reflect the diverse approaches to crypto oversight adopted by different nations.
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