What does regulation of exchanges mean for customers ?

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What does regulation of exchanges mean for customers ? Can you name regulated exchanges ?

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Exchanges which are regulated mean that they are following respective governments terms and usually ask their clients for KYC verification.
These are also called centralised exchanges, the best examples of  centralised/regulated exchanges are buttrex, poloniex, binance etcitra whil non-regulated/decentralised exchanges include changelly.com that requires no id veeification amd are anonymous