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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

Originally specialized in currency and securities printing, Giesecke+Devrient has been increasingly working with central banks like the Bank of Thailand in pilo...

Bank of Ghana to pilot CBDC with German securities printing firm G+D

2021-08-11T14:09:23+01:00

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Senator Cynthia Lummis said that inflation and massive government spending is accelerating the adoption of digital assets.

Massive government spending accelerating crypto adoption: Sen. Cynthia Lummis

2021-07-29T02:26:23+01:00

3571

Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation's economy.

Inside El Salvador’s Bitcoin experiment: Cointelegraph video report

Marco Castrovilli

2021-07-27T16:30:00+01:00

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“All of your margin balance may be liquidated in the event of extreme price movement,” Binance stated.

Binance to delist EUR, GBP and AUD margin trading pairs

2021-07-26T10:26:03+01:00

25370

In a new survey, a number of cryptocurrency and fintech professionals expected a "hyperbitcoinization" to take place by 2040.

Crypto experts see Bitcoin replacing fiat money in 20 years

2021-07-19T09:57:22+01:00

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Market Analysis

The latest meltdown in BitFinex BTC shorts could follow up with a spike in spot Bitcoin bids, stated one analyst.

Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes

2021-07-17T15:46:39+01:00

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According to the British artist, NFTs are changing the world, but not always in the get-rich-quick way many media outlets report.

Cointelegraph exclusive: Artist Damien Hirst says NFTs are like 'the invention of paper'

2021-07-16T19:00:00+01:00

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Binance has reportedly been forced to suspend fiat currency withdrawals for customers in the United Kingdom once again.

Binance reportedly halts pounds sterling withdrawal for UK customers again

Osato Avan-Nomayo

2021-07-13T13:56:00+01:00

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