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Fiat Money News

Although the crypto space commonly uses the term, many folks may still wonder, “What is fiat money?” The fiat definition is fairly straightforward: Fiat money, also called fiat currency, refers to currencies put out by governing bodies and central banks. Fiat money examples include the U.S. dollar, the Chinese yuan and the Mexican peso. Governments control fiat, meaning it is a centralized form of money tied to the borders of each respective country, for the most part.

Different in its design and control, Bitcoin (BTC) is not a fiat currency. Bitcoin is borderless and decentralized, and governments neither issue nor control it. In general, cryptocurrencies are not fiat currencies, although some stablecoin assets represent certain fiat currencies in digital form.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

The World Stablecoin Association aims to unite major global stablecoin projects like Tether and USDC.

World Stablecoin Association Launches in Switzerland

2020-07-23T18:00:00+01:00

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The world is headed for special drawing rights with gold participating, but not a return to the gold standard, the trader says.

World Will Not Adopt a Bitcoin or Gold Standard, Says Peter Brandt

2020-07-23T12:23:00+01:00

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Binance CEO CZ says that having their own bank would unlock one more channel for interacting with global regulators.

Binance Buying a Traditional Bank Is Not a New Idea, CZ Says

2020-07-22T18:00:00+01:00

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The Bank of Thailand is looking to test the digital baht with Hong Kong’s central bank after piloting the CBDC with large businesses.

Bank of Thailand Progresses With Digital Baht Tests Before Public Launch

2020-07-16T17:50:00+01:00

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Japan’s largest financial institution, Mitsubishi UFJ Financial Group, is planning to issue the MUFG token in the second half of 2020.

Japanese Banking Giant to Issue Its Own Stablecoin in Late 2020

2020-07-14T19:28:00+01:00

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Chiliz is entering one of the world’s best football countries by listing CHZ token on the largest crypto exchange in Brazil.

Brazil’s Top Exchange Mercado Bitcoin Lists Sport Token Chiliz

2020-07-13T15:23:00+01:00

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Binance CEO’s first beta transactions of Binance Card are powered by recently acquired Swipe.

Binance CEO CZ Showcases First Use of Binance Card

2020-07-10T17:50:00+01:00

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Binance will join Swipe’s board of directors, but the firm is “able to run the company independently from Binance.”

Binance’s Second Acquisition of 2020 Is Related to Crypto Debit Cards

2020-07-08T21:31:00+01:00

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