Fiat Currency

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Revision as of 12:58, 26 April 2022 by Define (talk | contribs) (Created page with "A legal tender declared by the government; this can be backed up by its economy and has an institution that regulates it (central bank). For example, the Great British Pound (GBP) and United States Dollar (USD) are both fiat currencies. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary")
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A legal tender declared by the government; this can be backed up by its economy and has an institution that regulates it (central bank). For example, the Great British Pound (GBP) and United States Dollar (USD) are both fiat currencies.

Sources:

https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary