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.

News
Huobi partnered with fiat and crypto payment processor AdvCash to unlock deposits and withdrawals in the Russian ruble.
Huobi Global now supports ruble deposits and withdrawals
Helen Partz
2021-01-13T09:28:03+00:00
3304
New Year Special
2021 & 2022 touted to be the most important years for the development of CBDCs
Cointelegraph predictions for the first 5 CBDCs of 2021-2022
Anirudh Tiwari
2021-01-11T22:30:00+00:00
12040
News
Will Bitcoin end the dollar’s supremacy one day?
Bitcoin will gain from distrust in traditional finance, says bank strategist
Helen Partz
2020-12-10T09:23:46+00:00
7965
News
The Swiss National Bank and the BIS don’t want to miss out on possible blockchain-powered benefits for the financial system.
Swiss National Bank and BIS complete digital currency proofs-of-concept
Helen Partz
2020-12-04T10:24:01+00:00
6583
News
Bitcoin has broken record levels against at least nine world currencies as its U.S. dollar price marches toward $20,000.
Bitcoin has hit all-time highs against numerous world currencies
Benjamin Pirus
2020-11-17T16:37:15+00:00
13469
News
A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits.
Former Bank of Japan exec says Japan will need years to issue digital yen
Helen Partz
2020-11-17T11:38:39+00:00
6377
News
Cryptocurrencies like Bitcoin are the best form of money, Binance’s CEO says.
DeFi is here to stay despite signs of a bubble, says Binance CEO
Helen Partz
2020-11-17T10:38:16+00:00
9347
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.
$18K Bitcoin price, eh? BTC market cap may pass Canada’s monetary base
Marcel Pechman
2020-11-10T00:29:30+00:00
31503

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