This is why I stay away from custodial services as far as possible, not your keys not your Bitcoin! I’m always willing to get less return for more security in the crypto space having been burned before
If it doesn’t have a block explorer and allow me to own the keys I stay away, will probably miss out on many opportunities because of it but I’m okay with that
I think regulators locally don’t actually care much about the crypto space, lol they too busy stealing somewhere else!
I personally work with a few local crypto companies! What I see is a lot of the community driving this and reporting it you can see online on google and Facebook, so I’m sure someone has pushed for this to be reviewed by regulators