Fiat Account definition

Fiat Account means a fiat currency account that reflects a customer’s fiat currency balance.
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Fiat Account has the meaning given in the Registration Statement.
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Fiat Account means any fiat currency account established by Client for the Account Holder, or established on behalf of Client for Account Holder by Custodian, together with any subaccounts associated therewith.
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Examples of Fiat Account in a sentence

  • In the case of an account suspension due to (A) or (B) of this paragraph, Gemini shall permit Customer to withdraw Customer’s Assets and fiat currencies from Customer’s Custody Account or Fiat Account as soon as permitted by Applicable Laws and Regulations or the applicable court order, subpoena, or regulatory or governmental authority, and for ninety (90) days thereafter.

  • Instructions to withdraw Assets from the Custody Account or Fiat Currency from the Fiat Account can only be submitted as Proper Instructions, unless otherwise agreed to by the Parties in writing (email acceptable).

  • In the case of an account suspension due to (C) or (D) of this paragraph, Gemini shall use reasonable efforts to restore Customer’s normal access to the Custody Account or Fiat Account without putting the Digital Assets and fiat currency in such accounts at risk.

  • Movements of fiat currency between Omnibus Accounts are recorded in detail and will not affect the available balance in the Fiat Account of Customer’s Gemini Account or jeopardize the availability of FDIC insurance, subject to applicable limitations.