Definition ∞ A crypto to fiat exchange is a platform or service that enables the conversion of cryptocurrencies into traditional government-issued currencies, such as US dollars, euros, or yen. These exchanges serve as vital on-ramps and off-ramps between the digital asset economy and conventional financial systems. They facilitate the realization of cryptocurrency gains into spendable national currencies. These platforms are essential for broader crypto adoption.
Context ∞ Crypto to fiat exchanges operate under increasing regulatory scrutiny, particularly concerning anti-money laundering and know-your-customer requirements. News often highlights enforcement actions against non-compliant platforms and the efforts of exchanges to integrate traditional financial safeguards. The ongoing discussion involves striking a balance between regulatory demands for transparency and the desire for user privacy within the digital asset space. These exchanges are key players in the ongoing maturation of the crypto market.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
