PayPal debuts US dollar-backed stablecoin for payments
PayPal on Monday launched a stablecoin digital currency backed by US dollars to be used for transactions at its global online payments platform.
Aug 8, 2023
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Business
News tagged with currency
Internet
Nearly 300 arrested in US-Europe dark web drug bust
A multi-continental crackdown has halted a major "dark web" drugs marketplace, with international police arresting 288 suspects and recovering more than 50 million euros ($54.8 million) in cash and virtual currency, Europol ...
May 2, 2023
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Business
South Dakota gov's veto of cryptocurrency regulations upheld
South Dakota's House failed Monday to override Gov. Kristi Noem's recent veto of a bill that would have created government regulations for the use of cryptocurrency in the state.
Mar 27, 2023
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3
Business
How a digital pound could work alongside cryptocurrencies
Like many other countries, the UK has developed a plan for a central bank digital currency (CBDC). A digital pound would essentially act like an online form of cash suitable for everyday payments. It would not earn any interest ...
Feb 24, 2023
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Consumer & Gadgets
Cryptocurrencies are in crisis, but they are not going to disappear
Cryptocurrencies are experiencing their worst crisis since the arrival of the first crypto assets and virtual currencies in the 1990s and their democratization in the 2010s.
Jan 18, 2023
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Business
Is the digital dollar coming soon?
The United States is considering issuing a digital dollar, which would be backed by the nation's central bank and could help reinforce the U.S. role as a leader in the world financial system. Several financial institutions, ...
Nov 21, 2022
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Business
Crypto exchange Bittrex to pay $24M for violating sanctions
Crypto exchange Bittrex was fined $24 million by U.S. authorities on Tuesday for helping clients evade U.S. sanctions in places such as Syria, Iran and Crimea.
Oct 11, 2022
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4
Business
GOP midterm victory would add pressure on fintech regulators
If Republicans win control of Congress in the November midterms, people who closely follow financial technology expect pressure on regulators to push crypto-friendly rules across the finish line.
Oct 5, 2022
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Consumer & Gadgets
Colorado accepts cryptocurrency to pay taxes, moving the state 'tech forward'
Gov. Jared Polis said Coloradans can pay their taxes using cryptocurrency, making good on a plan he announced earlier this year.
Sep 21, 2022
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Business
Sierra Leone delays full switchover to new currency
Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said.
Sep 16, 2022
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Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply. The other part of a nation's money supply consists of bank deposits (sometimes called deposit money), ownership of which can be transferred by means of cheques, debit cards, or other forms of money transfer. Deposit money and currency are money in the sense that both are acceptable as a means of payment.
Money in the form of currency has predominated in human civilizations from about 10,000 BCE on. Usually (gold or silver) coins of intrinsic value (commodity money) have been the norm. However, nearly all contemporary money systems are based on fiat money – modern currency has value only by government order (fiat). Usually, the government declares the fiat currency (typically notes and coins issued by the central bank) to be legal tender, making it unlawful to not accept the fiat currency as a means of repayment for all debts, public and private.
This text uses material from Wikipedia, licensed under CC BY-SA
