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Fiat money is a government-issued currency that is generally not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The euro, US dollar and British pound sterling are all examples of fiat currency.
*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.
Fiat money is a government-issued currency that is generally not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The euro, US dollar and British pound sterling are all examples of fiat currency.
*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.
