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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

According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year.

Banking system consumes two times more energy than Bitcoin: Research

2021-05-17T09:09:31+01:00

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The Bank of England's deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a...

UK will likely need to issue a digital currency, says BoE deputy governor

2021-05-14T12:15:27+01:00

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Billionaire Stanley Druckenmiller thinks some kind of crypto-derived ledger system may replace the U.S. dollar as the world’s reserve currency in the future.

Billionaire Druckenmiller says ledger-based system could replace USD worldwide

2021-05-12T04:52:16+01:00

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The EIB has reportedly hired banks like Goldman Sachs and Société Générale to explore a digital bond registered and settled via blockchain.

European Investment Bank reportedly to issue bonds with blockchain tech

2021-04-13T09:44:03+01:00

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Binance founder and CEO Changpeng Zhao is placing his bets on crypto.

CEO of biggest crypto exchange has ‘close to 100%’ of net worth in crypto

2021-04-07T11:46:17+01:00

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The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.

Digital euro could take four years, says ECB president Christine Lagarde

2021-03-31T12:05:39+01:00

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Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman.

Tether stablecoin is fully backed, says new assurance report

2021-03-30T14:54:54+01:00

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The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted.

Digital ruble is ‘highest form of money,’ Russian Bitcoin critic says

2021-03-30T10:59:46+01:00

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