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Top 6 BEST Crypto Exchanges in 2024: Which Are Safe?!Bitcoin is considered a commodity, not a security or currency under the laws of the Kyrgyz Republic and may be legally mined, bought, sold and traded on a local. Exchanges. Cryptocurrency exchanges are not currently regulated at a regional level. In certain member states, exchanges have to register. Establishing effective policies has become a priority for authorities amid the failure of some exchanges and collapse of certain crypto.