Are crypto exchanges regulated and insured?

Cryptocurrency exchange regulation varies significantly by country. In the US, exchanges must comply with FinCEN and state money transmitter laws. Europe has MiCA (Markets in Crypto-Assets Regulation) requirements. However, many exchanges operate in less-regulated jurisdictions. Regarding insurance, most crypto exchanges don't have FDIC-style deposit protection like traditional banks. Some exchanges purchase cyber insurance, but this typically covers hacks, not market losses. Your crypto assets may not be insured if the exchange fails or is hacked. Always research an exchange's regulatory status, security measures, and any insurance coverage before depositing funds. Reputable exchanges are increasingly seeking regulatory approval to build trust and protect users.