Hello,

I have couple of questions, for serious discussions. I am sure, fellow members will guide/point me to correct directions or whatever your opinion is, that would be helpful.

1- I am in US and we use Coinbase to buy Bitcoin from bank. Then we transfer that BTC/LTC to Bittrex/Binance/Cryptopia/Kucoin exchanges for trading. What stops these exchanges to accept fiat directly from bank, instead of keeping Coinbase in between ? If somebody come up with that exchange, wouldn't that exchange be more preferrable than others ?

2- If one has to open an exchange in multiple countries, does it need to get approved and some fees associated or any other info ? I understand that there is some regulations, for example, I am in Washington and while registering on few exchanges, if I select WA state, it says you are not allowed due to state restriction. Where that approval is placed ?

Thanks