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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

Important questions about CBDCs remain unanswered for the Kiwis' central bank.

New Zealand has no imminent plans to issue CBDC, says central bank exec

2020-10-20T14:25:30+01:00

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No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency.

Bitcoin genesis block is the ‘New Testament’ of finance

2020-10-17T09:00:00+01:00

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His doom and gloom comments continue to roll in for global currencies.

Governments and banks are the only winners with fiat currency, says Max Keiser

2020-10-15T19:02:35+01:00

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The Bahamas’ digital currency is currently used domestically.

The Bahamas central bank wants to make its digital ‘Sand Dollar’ global

2020-10-15T14:34:30+01:00

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Russia’s central bank says that the digital ruble can be an “additional form of money alongside cash and non-cash.”

Bank of Russia issues consultation paper on digital ruble

2020-10-13T13:44:17+01:00

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Since 2010, inflation has turned $1 into 84 cents while $1 invested in Bitcoin would be worth $274,000.

Fiat inflation has cost Bitcoin hodlers 20% over the past decade

Michael Kapilkov

2020-10-02T01:30:10+01:00

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Stablecoin runs could occur if users lose confidence in the issuer or its network.

Europe's central bank is concerned about possible runs on stablecoins

2020-09-23T13:30:45+01:00

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Earth is reaching a historic “inflection point,” Keiser warns after Singapore’s central bank admits that more debt is not an option for anyone.

Earth needs Bitcoin as economy hits ‘debt saturation point’ — Keiser

2020-09-22T14:35:00+01:00

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