MYKOBO | Terms of Service
  • Introduction
  • Virtual Currency Transactions
  • Definitions
    • Law
    • Money Laundering
    • Terrorist Financing
    • Economic Sanctions
    • Fiat
    • Natural Person
    • Legal Person
    • Virtual Currency
    • Virtual Currency Address
    • Virtual Currency Wallet
    • Reserves
    • Withdrawals and Deposits
    • Risks and Limitation of Liability
    • Intellectual Property
    • Your Representations and Warranties
    • Due Diligence
  • Transaction Monitoring
  • Politically Exposed Persons
  • Prohibited Uses
  • Disclaimer of warranty
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  1. Definitions

Fiat

Fiat - means the money or currency of any country or jurisdiction that is:

  • designated as legal tender

  • circulated, customarily used, and accepted as a medium of exchange in the country or jurisdiction of issuance;

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Last updated 3 years ago