Australian cryptocurrency regulations cause small traders to exit the trading platform

Australian company Bitcoin Babe's MJ estimates that 95% of the company's transactions are conducted on the Localbitcoins platform, but the platform's advantages "have been exhausted recently," and "for quite some time" she has been trying to stay away from the P2P platform. According to her assessment, the current legislative framework “trying to cover everyone with a one-size-fits-all approach” has led many “small traders/enterprises (now) to exit the market because regulatory costs have killed them.”