Many people give up trading cryptocurrencies because they are not regulated enough. These are people who play it safe and don't want to risk their money by investing in something that is not legally regulated.
Many states don't actually have a piece of legislation on cryptocurrencies. Banks do not want to pass money to exchange offices because they refer to the law against dealing with foreign currencies, but there is no mention of cryptocurrencies. Banks do not want to risk fines from regulatory agencies, so cryptocurrency traders directly pay money via SEPA transfer or through a third party they get cryptocurrencies which they then trade. Unfortunately, there is a lot of room for different fraudsters.
What is the situation in your countries?
Many states don't actually have a piece of legislation on cryptocurrencies. Banks do not want to pass money to exchange offices because they refer to the law against dealing with foreign currencies, but there is no mention of cryptocurrencies. Banks do not want to risk fines from regulatory agencies, so cryptocurrency traders directly pay money via SEPA transfer or through a third party they get cryptocurrencies which they then trade. Unfortunately, there is a lot of room for different fraudsters.
What is the situation in your countries?