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.

News
Bitcoin should be there to allow people to save in the event the government fails, Senator Cynthia Lummis said.
‘Thank God for Bitcoin,’ Cynthia Lummis says on US debt limit raise
Helen Partz
2021-10-15T13:45:08+01:00
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The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account.
Bank of Russia to assess Bitcoin holdings volumes as $36B leave banks
Helen Partz
2021-10-15T11:35:24+01:00
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The Bank of Mexico and the National Banking and Securities Commission issued a statement earlier this year warning financial institutions not to deal with digit...
Mexico's president rules out accepting crypto as legal tender
Turner Wright
2021-10-14T20:15:02+01:00
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The CEO of the British bank believes stablecoins, CBDCs and even NFTs will likely outgrow cryptocurrencies.
Search for fiat alternative ‘perfectly reasonable,’ says StanChart CEO
Erhan Kahraman
2021-10-14T10:24:07+01:00
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Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company.
Crypto fintech MoonPay reportedly aims for $3.4B valuation in first VC funding
Arijit Sarkar
2021-10-12T09:12:53+01:00
4419
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The partnership will enable MoneyGram customers to fund and withdraw from their accounts using the USDC stablecoin at physical branches.
MoneyGram launches USDC settlement using the Stellar blockchain
Inigo Vaca
2021-10-07T03:45:44+01:00
9139
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The central bank of New Zealand has outlined the major benefits of CBDC designs based on blockchain technology.
New Zealand central bank releases issue paper on digital currency
Helen Partz
2021-09-30T09:38:00+01:00
6038
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The development marks another sign of the digital hryvnia project picking up steam.
Ukraine’s central bank seeks to hire a blockchain developer, job posting reveals
Kirill Bryanov
2021-09-29T19:15:00+01:00
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