Huobi partnered with fiat and crypto payment processor AdvCash to unlock deposits and withdrawals in the Russian ruble.
Fiat Money News
Fiat money is an assent without intrinsic value that is established as money by government regulation. Fiat money is worth something only while the government maintains it. Monetary economists define fiat money as an intrinsically-valueless object that is widely accepted as a means of payment. Fiat money is mostly under the jurisdiction of central banks that are the issuers of new currency while also being its main regulator. Fiat money is not necessarily a physical asset. Today most of the value of fiat money is stored in digital form. The supply of fiat currency is one of the most important macroeconomic tools for monetary authorities to manage inflation, stimulate intensive economic growth, and reduce unemployment. The purchasing power of fiat money is glued to the state’s authority and any damage to that authority leads to a decrease of fiat money’s value and results in inflation.
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- New Year Special
2021 & 2022 touted to be the most important years for the development of CBDCs
12211 - News
Will Bitcoin end the dollar’s supremacy one day?
7983 - News
The Swiss National Bank and the BIS don’t want to miss out on possible blockchain-powered benefits for the financial system.
6734 - News
Bitcoin has broken record levels against at least nine world currencies as its U.S. dollar price marches toward $20,000.
13475 - News
A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits.
6381 - News
Cryptocurrencies like Bitcoin are the best form of money, Binance’s CEO says.
9368 - Markets News
Bitcoin’s market cap is rapidly surpassing the monetary base of multiple national currencies, and it looks like the Canadian dollar is next.
31512 - News
- News
Another global bank believes that digital assets are the future of the global economy.
21480 - News
LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs.
5644 - News
Abra's CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs.
11239 - Markets News
Bitcoin price hits a new record high in seven national currencies of 500 million people.
32623 - News
Important questions about CBDCs remain unanswered for the Kiwis' central bank.
9016 - Opinion
No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency.
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