3 ms·

If it's declared legal tender by government declaration or fiat, it's fiat currency. Btc is fiat currency in el Salvador

• Veen 4y ago
  It's legal tender in El Salvador. Whether that makes it a fiat currency is a matter of definitions, so not really worth quibbling about.
  • wonderwonder 4y ago
    I'm not quibbling. It's fiat currency in El Salvador by any definition.
    • ashwagary 4y ago
      Fiat money is created by decree without effort. Bitcoin is not "fiat" no matter who adopts it.