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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

A rebound for gold follows Bitcoin’s successes as the U.S. central bank starts stating it has “infinite cash.”

Bitcoin Price Eyeing $7,000 After Fed Says it Has ‘Infinite Cash’

2020-03-24T08:35:00+00:00

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The U.S. Fed has extended repo operations, injecting $1 trillion daily until April, making the crypto space look even smaller.

US Government Extends Daily Trillion Dollar Repo, Again Dwarfing Crypto Market Cap

2020-03-20T22:01:00+00:00

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One of the world’s oldest crypto exchanges, OKCoin, now allows users in Singapore and Brunei to trade the Singapore dollar against Bitcoin and Ether.

OKCoin Launches Support for Singapore Dollar and Opens Local Office

2020-03-12T13:02:00+00:00

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A sudden move to sink base rates to just 0.25% stems from a desire to “support confidence” among businesses and consumers, the bank says.

Bitcoin Steadies as Bank of England Suddenly Cuts Rates to 11-Year Low

2020-03-11T08:38:00+00:00

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The U.S. central bank continues inflationary measures to satisfy liquidity demands from lenders, as coronavirus plays havoc with stability.

Bitcoin Not Affected as US Fed Prints Equivalent of 9.8M BTC in 1 Day

2020-03-07T08:48:00+00:00

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Top Indian exchanges Unocoin and WazirX have resumed fiat deposits less than a day after the Supreme Court quashed restrictions on banks’ services to crypto fir...

Indian Crypto Exchanges Resume Fiat Services 24 Hours After Supreme Court Ruling

2020-03-05T11:57:00+00:00

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After launching Nigerian Naira deposits in October 2019, Binance adds support of NGN as its first African currency for P2P trading.

Nigerian Naira Is First African Fiat Currency Supported on Binance P2P

2020-03-04T19:12:00+00:00

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Major decentralized finance player MakerDAO has partnered with payment processor Simplex to create a fiat on-ramp for its Dai decentralized stablecoin.

DeFi Leader MakerDAO Partners With Simplex to Create a Dai Fiat On-Ramp

Adrian Zmudzinski

2020-03-03T14:04:00+00:00

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