Binance plans to add 180 fiat currencies.
One of the key things I want to do for the next few months six to nine months or so is to get those other 180 onboarded onto Binance.com, CZ said.
https://micky.com.au/binance-to-onboard-180-new-fiat-currencies/In your opinion, do you think this is a step in the right direction? Would this play a crucial role in the adoption of Cryptocurrencies worldwide? Binance has always been a pace setter, starting from IEOs to margin trading and now fiat currencies, it's likely that we would be entering an era where other exchanges would be scrambling to onboard fiat currencies too and this would definitely make it easier for people to access Cryptocurrencies from their countries.
That's a positive news most certainly! It will help to boost adoption at large scale! But the interesting thing to see now is, how they deal with the regulatory challenges in this process? I am sure a lot of challenges will be thrown to Binance by the country specific regulatory bodies and it will be a big task for the Binance legal team to set the things in right direction!
Second issue they will encounter is the money laundering from international bodies like FATF. Binance's internal processes should be robust enough to capture and flag any such attempt! Interesting learning curve is ahead for people like me who keeps a keen eye on regulatory matters!