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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

3 warning signs suggest the Bitcoin price rally is overextended

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

Crypto doesn’t pose a big risk for the financial system until it’s adopted enough to be less volatile, the NBU said.

Central bank of Ukraine to promote ‘fair’ Bitcoin regulation

2021-09-21T14:29:24+01:00

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The Russian government keeps insisting that payments in cryptocurrencies like Bitcoin would ruin its financial system.

Russia not ready to accept Bitcoin as legal tender, says Kremlin

2021-09-07T12:40:51+01:00

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The Massachusetts senator said that it’s “worth considering” banning U.S. banks from holding the reserves to back private stablecoins.

Sen. Elizabeth Warren calls crypto the ‘new shadow bank‘

2021-09-06T09:43:03+01:00

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Data from a recent report suggest that enforcement actions from U.S. regulators against those in the crypto space cost those firms less than 1% of that in tradi...

Banks vs. exchanges — Regulators overwhelmingly penalize fiat, not crypto

2021-09-03T21:55:43+01:00

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Retirees and veterans in El Salvador are worried that the government will start paying their pensions in Bitcoin instead of the U.S. dollar.

Retirees in El Salvador protest against Bitcoin adoption

2021-08-31T09:10:13+01:00

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“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource ex...

Bitcoin ATM operators set up association to counter money laundering

2021-08-26T12:37:04+01:00

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The Thai SEC is seeking public input for newly proposed crypto custody regulations until late September.

Thai SEC proposes new rules for digital asset custodians

2021-08-25T08:52:55+01:00

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The Coins Podcast docuseries will explore the history of money and the impact that crypto and blockchain tech has had on the global financial system.

‘Coins’ doco series featuring some of the biggest names in crypto premieres today

2021-08-19T04:43:46+01:00

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