Sentences with phrase «denominated fiat paper»

The Indian government has also claimed a war on so - called black money, lower denominated fiat paper, and this too appears to be another reason for the attention paid bitcoin's traders.

Not exact matches

Put another way, governments essentially create an artificial use case for their own forms of paper money by threatening people with punishment if they do not pay taxes, which are denominated in the government's own fiat currency, to the government.