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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

Bittrex has partnered with crypto exchange and custodian provider Rain Management WLL to launch a regulated digital asset exchange for the Middle East and North...

Bittrex Launches Crypto Platform for Middle East Following New Partnership

2019-07-31T22:40:00+01:00

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United States-based crypto exchange Kraken has partnered with Estana Custody to offer new options for fiat deposits and withdrawals in five major currencies.

Kraken Rolls Out New Funding Options for 5 Major Fiat Currencies

2019-07-30T14:46:00+01:00

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Major European crypto exchange Bitstamp has partnered with digital asset brokerage BCB Group to enable direct pound sterling transfers.

EU Exchange Bitstamp Partners with UK Firm to Offer Pound Sterling Onramp

2019-07-29T15:57:00+01:00

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U.S. prosecutors are indicting a defunct crypto exchange and a senior executive for failing to comply with AML and KYC regulations and money laundering.

US Prosecutors Indict BTC-e Crypto Exchange, Seek Millions in Penalties

2019-07-27T01:40:00+01:00

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The CEO of the Nigeria Deposit Insurance Corporation says cryptocurrencies are very risky since they are not regulated or backed by central banks.

Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency

2019-07-26T00:20:00+01:00

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The Croatian Post is running a pilot program to let customers exchange crypto for cash by means of a QR code scanner in select offices.

Croatian Post Launches Pilot Program for Crypto-to-Fiat Exchange

2019-07-25T23:35:00+01:00

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The Department of Justice has indicted a New Jersey resident for failing to register his Bitcoin exchange with the U.S. Treasury.

US: Unlicensed Bitcoin Exchange Operator Indicted by Justice Department

2019-07-24T23:50:00+01:00

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Demand for virgin Bitcoin is currently at its all-time high.

Virgin Bitcoin — Most In-Demand Crypto That Is Regulated Differently?

2019-07-20T13:05:00+01:00

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