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"Please consider that today most of the bitcoins available are held in exchanges or cold storage providers who are, for most of them, fully compliant."

Does anyone know if this is true or is it a pure guess?

Based on this: https://twitter.com/ColeGarnerBTC/status/1328879882978406402 only 10% of bitcoins are held in exchanges.

And what does "cold storage providers who are, for most of them, fully compliant" mean?

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