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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

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

Bitcoin's $100K price target returns as BTC price breaks out of bull pennant

What Bitcoin correction? BTC price holds $55K despite several bearish indicators

Fixed supply, altcoin-beating qualities and a lack of corporate liability all ensure Bitcoin is streets ahead of the rest, says Konrad S. Graf.

Bitcoin: 4 Big Competitive Advantages Over Altcoins in 2020

2020-01-01T12:14:00+00:00

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Binance cryptocurrency exchange now allows users to buy crypto directly through Visa credit and debit cards that are linked to their exchange accounts.

Binance Users Can Now Buy Four Cryptos with Visa Credit and Debit Cards

2019-12-27T12:18:00+00:00

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A statement confirms the Fed will ease the strain on banks over the new year period by creating more than three times Bitcoin’s market cap in new money.

US Fed to Print $425B for New Year’s — 3 Times Bitcoin’s Market Cap

2019-12-14T12:57:00+00:00

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Sweden’s central bank plans to create a pilot platform for a new digital currency, called the e-krona, in latest in European CBDC news.

Sweden's Central Bank to Partner with Accenture to Launch E-Krona

2019-12-13T18:17:00+00:00

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Israeli-based fintech and crypto firm Simplex now supports two new fiat currencies — the Japanese yen and the Canadian dollar.

Binance’s Partner Allows Users to Buy Crypto with Credit Card in JPY and CAD

2019-12-09T20:25:00+00:00

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Crypto mining is a “purely technological process,” a legislative analyst at a blockchain association in Kazakhstan says.

Kazakhstan Won’t Tax Cryptocurrency Mining: Report

2019-12-04T16:15:00+00:00

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Accounting software company Intuit allegedly requested that Antonopoulos distance himself from cryptocurrency while halting his ability to accept credit card pa...

Andreas Antonopoulos Slams Intuit After Payments Block for Crypto Use

2019-12-04T09:20:00+00:00

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Blockchain startup LifeLabs announced that it is developing a U.S. dollar-pegged stablecoin for the British Virgin Islands.

British Virgin Islands Announce US Dollar-Backed Digital Currency

Adrian Zmudzinski

2019-12-03T16:32:00+00:00

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