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Fiat

Fiat refers to any government-issued currency that is not backed by a physical commodity, such as gold or silver. Examples of fiat currencies include the US dollar, the Euro, and the Japanese yen. These currencies derive their value from government regulation and are typically used as a medium of exchange in daily transactions, such as buying goods and services. In contrast, commodity-backed currencies are directly tied to the value of a physical commodity, such as gold or silver, and their value can fluctuate based on supply and demand for the commodity.

  • Double Spending
    Double spendingDouble spending is a potential issue in cryptocurrency where the same digital currency is spent more than once. This can happen because digital currency is... is a potential issue in cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called […]
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  • Anti Money Laundering (AML)
    AML stands for Anti-Money Laundering and it is a set of regulations aimed at preventing illicit activities such as money laundering and terrorism financing. With regards to cryptocurrencies, AML regulations are designed to prevent the use of digital assets in illegal activities. Crypto exchanges, as financial institutions, are required to comply with AML regulations to […]
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  • Token Burn
    TokenA cryptocurrency token is a digital asset that is created and managed on a blockchain network. Tokens are usually created using existing blockchain platforms, such... Burning, in the context of cryptocurrencies, refers to the process of permanently removing tokens from circulation, thereby reducing the total supply of that particular token. This process is achieved by […]
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