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Fiat_OnRamp_Regulatory_Status
Assess the specific legal and regulatory permissions or restrictions governing the channels used by individuals to convert fiat currency into cryptocurrency (e.g., regulations affecting exchanges, banks facilitating transfers, payment methods).
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Possible Values
Status values that can be assigned to this topic
| Value | Definition | Order |
|---|---|---|
| Permitted-Regulated | Fiat-to-crypto conversion channels (e.g., exchanges, brokers) are explicitly permitted but operate under specific regulations, such as licensing, AML/KYC requirements, and potentially specific operational rules. | 0 |
| Permitted-Unregulated | There are no specific regulations prohibiting or governing fiat-to-crypto conversion channels. They are allowed primarily due to a lack of prohibitive rules, though general commercial or AML laws might apply broadly. | 1 |
| Restricted | Regulations impose significant constraints on fiat-to-crypto conversions. This could include explicit bans on certain payment methods (e.g., credit cards), regulatory directives limiting bank involvement, specific licensing requirements that are difficult to meet, or strict transaction limits imposed by regulators. | 2 |
| Prohibited | Regulations explicitly prohibit or effectively ban common fiat-to-crypto conversion channels for individuals, potentially including directives to banks to block such transactions or banning the operation of exchanges offering fiat pairs. | 3 |
| Unclear | The specific regulatory stance on fiat-to-crypto conversion channels is ambiguous, lacks official clarification, has conflicting regulations, or is not formally addressed. | 4 |
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Countries analyzed for Fiat_OnRamp_Regulatory_Status