Fiat Gateway

Definition ∞ A Fiat Gateway is a service or platform that permits the conversion between traditional government-issued currencies (fiat) and digital assets like cryptocurrencies. These gateways facilitate the purchase of crypto with fiat money or the sale of crypto for fiat. They serve as a crucial bridge for individuals entering the digital asset market or for those wishing to liquidate their holdings.
Context ∞ The operational landscape of Fiat Gateways is presently shaped by evolving regulatory frameworks and the increasing demand for seamless on-ramps and off-ramps into the digital asset economy. Key discussions include the security protocols employed by these services, their compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations, and the breadth of fiat currencies and digital assets they support. The competitive dynamics among these providers are also a focal point.