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
Another global bank believes that digital assets are the future of the global economy.
Singapore’s largest bank reportedly launching crypto trading and custody
Helen Partz
2020-10-27T10:13:29+00:00
17559
News
LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs.
LibertyX launches Bitcoin-to-cash sales at ATMs in United States
Helen Partz
2020-10-27T09:32:47+00:00
5069
News
Abra's CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs.
Abra CEO's portfolio is 50% Bitcoin as cash is 'becoming worthless'
Helen Partz
2020-10-26T09:47:44+00:00
10530
Markets News
Bitcoin price hits a new record high in seven national currencies of 500 million people.
Bitcoin price hits new record high in these 7 countries
William Suberg
2020-10-22T10:07:17+01:00
27857
News
Important questions about CBDCs remain unanswered for the Kiwis' central bank.
New Zealand has no imminent plans to issue CBDC, says central bank exec
Helen Partz
2020-10-20T14:25:30+01:00
8797
Opinion
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
J.D.Salbego
2020-10-17T09:00:00+01:00
9086
News
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
Benjamin Pirus
2020-10-15T19:02:35+01:00
6251
News
The Bahamas’ digital currency is currently used domestically.
The Bahamas central bank wants to make its digital ‘Sand Dollar’ global
Helen Partz
2020-10-15T14:34:30+01:00
3601

Follow us on Facebook