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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

Roelof Botha alleges the Bank of America provided “absolutely no explanation” for its decision to close his bank account in 30 days.

Bank of America Ices Ex-PayPal CFO’s Account, ‘Did You Buy Any Bitcoin?’

2019-11-18T08:36:00+00:00

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The U.S. presidential hopeful claims that free handouts would be a benefit, but the value of the dollars they would receive was diluted long ago — unlike Bitcoi...

Andrew Yang Will ‘Literally Give Everybody Money’ — Like OneCoin Did

2019-11-17T13:16:00+00:00

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The amount of worldwide debt will expand to levels never before seen this year, as Bitcoiners urge consumers to “fight the war” on financial sovereignty.

‘Plan A Has Failed’ — Global Debt to Hit $255T or $12.1M per Bitcoin

2019-11-17T12:07:00+00:00

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Coinbase’s Visa debit card expanded support for five more cryptocurrencies in ten new countries.

Coinbase Card Adds XRP and Launches in 10 More European Countries

2019-11-14T12:22:00+00:00

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The latest in a series of seemingly arbitrary shutdowns leaves over 100,000 models having to find an alternative payment method.

Bitcoin Fixes This: PayPal Cuts Payouts to Over 100,000 Pornhub Models

2019-11-14T09:00:00+00:00

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A senior official at the People’s Bank of China says it will listen to public demand to retain notes and coins, in line with previous cash protection measures.

China Digital Currency ‘Not Seeking Full Data Control’ — Central Bank

2019-11-12T07:33:00+00:00

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Malaysia’s 2020 cash restrictions will affect everything except humanitarian aid and regulated financial institutions.

Malaysia to Impose Cash Transaction Limit of $6K in 2020: Report

2019-11-08T18:48:00+00:00

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Transacting in both paper and the precious metal involves “friction,” whereas Bitcoin combines settlement and transacting, says the Wall Street veteran.

Max Keiser: Bitcoin's First Function Is to Clean Up the Mess Left by US Dollar

2019-11-07T10:55:00+00:00

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