Sentences with phrase «fiat currency regime»
The nouveau logic surrounding this fiat currency regime states that confidence and trust for a piece of paper backed by faith will always trump the desire for people to hold something tangible.
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In a country where the fiat currency is worth little and sanctions from the U.S. continue to mount, a state - sanctioned cryptocurrency may cause Venezuela — a typically restrictive regime — to become one of the most progressive countries on cryptocurrency regulations (even if only to further sales of petro).
This suggests the price of Bitcoin gold could provide a solid foundation to international trade and economic growth if it becomes the new global regime of settlements — replacing the dollar and other fiat currencies.
Its fiat currency continues to fall against the dollar to all - time lows even as its regime struggled recently to reform interest rates and forgive loans.