When will SteX exchange be applicable to fiat transactions in the future?
That could take a while. There is a mention of this at page 28 in
the whitepaper that:
Smart Token Exchange Ltd was incorporated in Saint Vincent and the Grenadines,
due it being the fastest jurisdiction in which to incorporate that kind of business.
However, to be able to make fiat deposits and withdrawals, we need to
incorporate legal entities in the EU, USA and many other countries, and get all
the necessary licenses according to the local laws and regulations.
We expect this process to be completed in 3-5 years from
launch. Many procedures must be in place including well
trained staff to fit regulators requirements