Fiat

Bitcoin Isn’t the King of the Darknet Anymore, BTC Transactions Has Dropped
Jul 18, 2020 at 10:50
News
Bitcoin Isn’t the King of the Darknet Anymore, BTC Transactions Has Dropped
The Bitcoin transactions on the darknet has decreased dramatically in 2020 compared to other years.
There Might be a War Between Cryptocurrency and CBDC if the Latter is Widely Adopted
Jun 19, 2020 at 10:50
News
There Might be a War Between Cryptocurrency and CBDC if the Latter is Widely Adopted
As the world becomes increasingly digital, more and more people turn their attention to cryptocurrencies. In fear of fiat money being replaced, governments and central banks are looking to create their own digital currency. However, as their plans will be implemented, the world might face a full-scale financial war between centralized and decentralized technologies.
South Korea will Revise its Regulatory Framework Before Launching Digital Won
Jun 15, 2020 at 13:42
News
South Korea will Revise its Regulatory Framework Before Launching Digital Won
The Bank of Korea established an advisory group to revise the legislative framework before the launch of the digital won. Despite their CBDC will more resemble a digital version of fiat currency, it is obvious that the existing financial legislation should be adjusted to the circulation of a new digital asset.
IMF Clashes with Marshall Islands’ Issuance of State-Run Cryptocurrency
Jun 02, 2020 at 09:04
News
IMF Clashes with Marshall Islands’ Issuance of State-Run Cryptocurrency
The International Monetary Fund (IMF), an organization working to secure financial stability globally, has repeatedly expressed its antagonism to the issuance and circulation of the Marshall Islands’ state-run digital money currency.
Raiffeisen Bank International Pilots Digital Fiat Currency
May 22, 2020 at 08:09
News
Raiffeisen Bank International Pilots Digital Fiat Currency
A major Austrian banking group, Raiffeisen Bank International (RBI), is conducting a tokenization experiment in fiat currencies based on distributed ledger tech (DLT) and blockchain.
Ramping Global Demand for Stablecoins Pushes International Regulators to Stay on the Lookout
Apr 16, 2020 at 12:15
News
Ramping Global Demand for Stablecoins Pushes International Regulators to Stay on the Lookout
Stablecoins climb up in market cap value, while cryptocurrencies still fail to recover from the post-pandemic knockout. This wasn’t left unnoticed by the world governments, and notably, G20, who already sought ways how to cope with a growing demand for stablecoins.
Bitcoin Ends Q1 Down 10%, Cryptocurrency Holders Expect Returns in Q2
Apr 01, 2020 at 14:32
News
Bitcoin Ends Q1 Down 10%, Cryptocurrency Holders Expect Returns in Q2
Bitcoin has ended the first quarter (Q1) of 2020 down by 10% from the beginning of the year but is expected to rally significantly in Q2 – holders expected to pocket high returns.
Fiat Money Circulation Might be Shortened due to Coronavirus
Mar 27, 2020 at 11:25
News
Fiat Money Circulation Might be Shortened due to Coronavirus
As the COVID-19 pandemic rages across the entire globe, people are searching for ways to stop or at least halt its spread. As cash is considered to be a potential source of contamination, people are looking to limit its use turning to digital money and contactless payments instead.
French Court Recognizes Bitcoin as a Fiat Currency
Mar 07, 2020 at 13:03
News
French Court Recognizes Bitcoin as a Fiat Currency
The commercial court of Nanterre recognizes that Bitcoin is "a fungible and consumable intangible asset", which brings it closer to the above-board definition of fiat money. This is the first time cryptocurrency is acknowledged in France.
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