Fiat Currency definition

Fiat Currency means a currency issued by a country's government or central bank.

Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

Fiat Currency means government issued currency that is designated as legal tender in its country of issuance through government decree, regulation or law.

Examples of Fiat Currency in a sentence

• Fiat Currency associated with pending deposits or withdrawals will not be included in Participant Account balance or be available for different transactions.

• When a Participant enters such a Transaction, the Participant is responsible for making payment in the Fiat Currency required for Final Settlement.

• Fiat Currency conversion settlement is subject to Zero Hash's partner financial institution(s) service offerings and capabilities.

• If Zero Hash is forced to convert the Fiat Currency for the Participant in accordance with the preceding sentence, the Participant will be responsible for all pass-through and Zero Hash fees related to the conversion, in addition to a penalty fee as may be published on the Zero Hash System from time to time.

• In the event that Zero Hash is not acting as custodian for Participant's Fiat Currency or Digital Assets, Zero Hash may partner with a separate custodian, and Participant's balances of Fiat Currency or Digital Assets at such custodian may be recognized by Zero Hash in Participant's Account.

More Definitions of Fiat Currency

Fiat Currency means government-issued currency that is designated as legal tender through government decree, regulation, or law, that customarily refers to paper money and coin and is circulated, used, and accepted as money.

Fiat Currency means the official currency of a jurisdiction, issued by a jurisdiction or by a jurisdiction’s designated Central Bank or monetary authority, as represented by physical banknotes or coins or by money in different digital forms, including bank reserves or Central Bank Digital Currencies. The term also includes commercial bank money and electronic money products (including Electronic Money and E- money Token).

Fiat Currency means any money that is backed by a central bank, is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange.

Fiat Currency means currency issued by the relevant body in a country or by a government as legal tender and that is not backed by any commodity;

Fiat Currency means a currency that has been declared by a government authority to be legal tender, but that is not backed by a physical commodity.

Fiat Currency means certain supported fiat currencies, such as U.S. Dollars.

Fiat Currency means any currency, issued by government and not secured by gold or any other precious metals.