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

• Zero Hash will use its partner financial institution(s) to effect any conversions in Fiat Currency, and will pass through all fees to the Participant, plus any additional Zero Hash fee for such service.

• If the Participant fails to deposit the appropriate kind and amount of Fiat Currency by the Final Settlement date, Zero Hash will convert any Fiat Currency held in the Participant's Account to the Fiat Currency required for Final Settlement.

• Zero Hash will store and hold Participant Fiat Currency and Digital Assets at Addresses and Accounts and use System Wallets to store the Keys for Participant Digital Assets in accordance with this Agreement.

• Participant may deposit any Fiat Currency supported by Zero Hash by submitting such Fiat Currency through wire transfer or any other transmission method supported by Zero Hash from Participant's bank account to Zero Hash's fiat deposit account via instructions provided to Participant by Zero Hash (collectively, "Deposited Fiat Currency").

• Zero Hash will update Participant's Digital Asset or Fiat Currency balance as such Participant utilizes its Digital Assets or Fiat Currency held in its Participant Account to effect trading on any related Transaction Platform.

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 US Dollar, or any other government-issued currency designated as legal tender in its country of issuance through government decree, regulation, or law.

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.