Are crypto exchanges regulated?

Yes, they are. Crypto exchanges and trading platforms are regulated in the same way that any other financial institution is. For instance, if you plan on opening a bank account, then you know that your bank has to comply with a wide range of federal laws and regulations. These include the Bank Secrecy Act (BSA), which requires financial institutions to protect against money laundering and other criminal acts by monitoring activities and reporting suspicious transactions. The same is true of crypto exchanges. The Financial Crimes Enforcement Network (FinCEN) issues guidance outlining how these exchanges should be registered and what they need to do to comply with the BSA.