The flow diagram is arranged from left to right and contains three rectangular boxes connected by thick solid arrows. The left rectangle is titled “External Influence on Belief” and lists two bullet points in top-to-bottom order: “The impact of regulations”, and “Users’ burden and perception of cryptocurrencies-related businesses (Both legal and social)”. A thick solid rightward arrow connects this box to the central rectangle titled “Realising Actions”. The central rectangle lists three bullet points from top to bottom: “Showing complying facets”, “Building a more favourable environment for cryptocurrency”, and “Supporting users in fulfilling legal requirements”. A second thick solid rightward arrow connects the central rectangle to the right rectangle titled “Outcomes”. The right rectangle contains two bullet points listed from top to bottom: “More favourable regulatory environment”, and “Enhanced legitimacy and image of crypto-exchanges”.An illustration of compliance-sensitive as CSF in the crypto-exchange contexts, including related external influence on belief, realised actions and outcomes
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