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What is Fiat Currency

Mainstreaming Cryptocurrency and the Future of Digital Finance
Government-issued currency not backed by a physical commodity such as gold or silver but rather by the government's guarantee of its value. Examples include the US dollar, the euro, and the Japanese yen.
Published in Chapter:
Cryptocurrency Adoption
Kochar Sahibpreet Singh (University Canada West, Canada)
Copyright: © 2023 |Pages: 23
DOI: 10.4018/978-1-6684-8368-8.ch009
This chapter examines how familiarity influences the adoption and how education may increase cryptocurrency users. This project will use a systematic approach highlighting the growth of acceptance of cryptocurrency from 2017 to 2023 using a mixed methods approach since there has been little research on how individuals have embraced and accepted cryptocurrencies. Due to a lack of study, this study examines cryptocurrency adoption, its drivers, and its hazards. This study's outcomes will be a form of Literature Review for future research, increase knowledge of cryptocurrency acceptance, and help in cryptocurrency adoption.
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Legal Risks and Challenges Related to Virtual Currencies
Currencies issued by states (central banks) are regarded as real or ‘fiatcurrency. Fiat currency has value based on its market assessment.
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Reflection on the Latent Role of Institutional Trust for the Adoption of Cryptocurrencies: Cases on Bitcoin, JP Morgan Coin, Diem, and Japanese Listed Cryptocurrencies
It is a currency backed by a financial organization. Its creation, value and availability are controlled by such organizations such central banks, banks, or governments.
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Modeling Time-Varying Co-Movements Between Major Cryptocurrencies and Foreign Exchange Markets
A government-issued currency (or national currency) declared to be legal tender and not pegged to the price of any commodity such as gold or silver.
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