#fiat
60 articles found
Latest
Hong Kong Gears Up for Stablecoin Legislation
In a span of two months, the Hong Kong Monetary Authority (HKMA) collected 108 responses from industry players and financial institutions about regulations for fiat-referenced stablecoins. Government officials see these assets as the most promising, which is why the new bill will focus on them. 
FIAT Launches Free NFT Collection
Leading Italian automaker FIAT, in partnership with the Zealy platform and Arbitrum blockchain, is set to release 55,000 exclusive FIAT Pass NFTs today at 11:00 a.m. ET. These NFTs will be distributed from November 21 to November 30, 2023, on a first-come, first-served basis to users on the whitelist. Wintermute Accuses NEAR Foundation of Violating Agreements
Wintermute, an algorithmic trading firm in digital assets, accuses NEAR Foundation and Aurora of failing to uphold their agreement involving the conversion of $11 million worth of the now-defunct USN stablecoin to USDT. These tokens originated from the now-defunct FTX exchange and were acquired by Wintermute in exchange for fiat currency with the assurance of a complete conversion. 
Different Ways to Cash out Crypto in Ukraine
New to crypto, and the assets you bought increased in value? Maybe you have something in mind you want to buy with the profit. What to do if you need fiat money to acquire what you want? Depending on the country, different options may be available. Below, we’ll discuss the ways to cash out and use crypto in Ukraine in particular. Ether․fi and Visa to Launch a Crypto Credit Card
A new product named Ether․fi Cash is designed as an alternative to the often complex and costly off-ramp process of converting cryptocurrency to fiat money. The developers hope that this innovation will allow cryptocurrency holders to operate entirely within the blockchain ecosystem. 
Under-the-Radar Crypto Trading Flourishes in China
Despite restrictions, Chinese cryptocurrency enthusiasts are keeping the trade alive. Users are covertly meeting in public places like cafes, parks, and even laundromats to swap wallet addresses, trade assets, and exchange bank information for converting their crypto into fiat currency. 
Binance Aims to Cease Partnership with Advcash
The fiat gateway from Advcash made it possible for users to transfer their money stored in Russian banks, which have fallen under sanctions, to the exchange.
The user base is spreading this news, having gotten notifications from the exchange about it.
Nevertheless, Advcash representatives assert that they haven’t received any communications from Binance concerning updates to their partnership. 
5 Bug Bounty Platforms in Web3 to Earn Money From
On Web3 bug bounty platforms, you can use your skills to hunt vulnerabilities in different projects and earn rewards in return. The amount you earn usually depends on how critical the bug is and how much the company offers to pay. Rewards can be in the form of crypto or fiat money. New Zealand's Central Bank Governor Criticizes Stablecoins
At a parliamentary committee session, New Zealand central bank governor Adrian Orr voiced his skepticism towards stablecoins, labeling them as inherently unstable. He argued that their reliability is solely contingent on the financial reserves of the issuing entity. The governor also dismissed the notion of Bitcoin or any similar cryptocurrency as a viable substitute for fiat money or a store of value. Elon Musk Shows Little Interest in Cryptocurrencies
Elon Musk has shared his relatively indifferent stance towards cryptocurrencies, considering money primarily as a database for resource distribution. He opined that fiat currencies are quite capable of serving this purpose effectively, provided that governments don't abuse the system and fuel inflation. “Stablecoins Way Better than Digital Fiat”: MakerDAO Interview
GNcrypto had a pleasure talking to Tadeo, Developer Relations for Spark Protocol, MakerDAO’s SubDAO. And the conversation wasn’t just about the Dai stablecoin or its advantages compared to its competitors, USDT included. We delved into which countries are better at regulating crypto, why people trust opaque businesses, recent research into Solana as a potential future codebase for MakerDAO. MoneyGram Debuts Wallet for Crypto
Bridging the gap between fiat and the stablecoin USDC, MoneyGram has unveiled its non-custodial crypto wallet.
The payment solution ensures compliance with all KYC norms and maintains adherence to sanction regulations.
“We’re turning MoneyGram into a global ATM concept using blockchain,” shared CEO Alex Holmes.