{"id":15797,"date":"2023-03-18T03:53:04","date_gmt":"2023-03-18T03:53:04","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/what-is-fiat-money-money-by-decree\/"},"modified":"2025-10-27T08:27:49","modified_gmt":"2025-10-27T08:27:49","slug":"what-is-fiat-money-money-by-decree","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree","title":{"rendered":"Money by decree: What is Fiat money and how it works today"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree\/#how_fiat_money_works_in_the_current_economy\" >How Fiat money works in the current economy<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree\/#basic_principles_of_how_fiat_money_works\" >Basic principles of how Fiat money works<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree\/#does_paying_digitally_imply_using_fiat_money\" >Does paying digitally imply using Fiat money?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree\/#key_differences_between_fiat_money_and_cryptocurrencies\" >Key differences between Fiat money and Cryptocurrencies<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree\/#differences\" >Differences<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree\/#similarities\" >Similarities<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree\/#risks_and_challenges_of_fiat_money_inflation_and_value_degradation\" >Risks and challenges of Fiat money: Inflation and value degradation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree\/#why_is_fiat_money_still_the_most_used_form_today\" >Why is Fiat money still the most used form today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree\/#the_relationship_between_fiat_money_and_the_crypto_revolution\" >The relationship between Fiat money and the crypto revolution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree\/#frequently_asked_questions_about_fiat_money\" >Frequently asked questions about Fiat money<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-fiat-money-money-by-decree\/#conclusion_and_call_to_action\" >Conclusion and call to action<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p><strong>Fiat money is a currency that a government authority has established as legitimate for the exchange of goods and services,<\/strong>\u00a0but that, unlike currencies backed by a physical commodity such as gold, its value does not derive from a material with intrinsic value, but from\u00a0<strong>the widespread trust and acceptance<\/strong>\u00a0that it can be used to make payments.<\/p>\n<p>And why \u00abfiat\u00bb? The word fiat has its origin in classical Latin and means \u00ablet it be done\u00bb or \u00abbe it made\u00bb. In that language, fiat was used to express the manifestation of an order, will, or decree. Later, it evolved to refer to the compliance with dispositions from a higher authority. In this case,\u00a0<strong>the imposition of using a currency to trade.<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-25391 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/1.jpg\" alt=\"bitnovo_how_fiat_money_works\" width=\"768\" height=\"526\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/1-300x205.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"how_fiat_money_works_in_the_current_economy\"><\/span><strong>How Fiat money works in the current economy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Fiat money works thanks to a combination of state control and public trust.<\/strong>\u00a0Its value does not depend on physical assets, such as gold or silver, but on people&#8217;s certainty in the stability of the economy.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"basic_principles_of_how_fiat_money_works\"><\/span><strong>Basic principles of how Fiat money works<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Money issuance. Central banks issue new money <\/strong>to cover the needs of the economy.<\/li>\n<li><strong>State regulation. Governments and central banks control <\/strong>exchange rates, inflation, and monetary policy.<\/li>\n<li><strong>Public trust. Fiat money works as long as people believe in its value. <\/strong>The US dollar remains the main world currency, as it is backed by a strong US economy.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"does_paying_digitally_imply_using_fiat_money\"><\/span><strong>Does paying digitally imply using Fiat money?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, of course. If you had paid for your ticket to go on vacation using some digital means (debit card, bank transfer, or payment App), you would have been using fiat money.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-25392 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/2.jpg\" alt=\"bitnovo_public_trust_fiat_money\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/2.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/2-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/2-768x512.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>The fact that the transaction is electronic does not change the nature of the currency you are moving.\u00a0<strong>If the currency is backed by a government, it is fiat money.<\/strong>\u00a0Some clear examples of fiat money are:<\/p>\n<ul>\n<li><strong>US Dollar (USD). The most in-demand currency in the world. It<\/strong>\u00a0is used in international trade, foreign exchange reserves, and investments.<\/li>\n<li><strong>Euro (<a href=\"https:\/\/en.wikipedia.org\/wiki\/Euro\">EUR<\/a>). The currency of the European Union, used<\/strong>\u00a0in 20 countries, including Germany, France, and Italy. The euro is the second most popular among global reserve currencies.<\/li>\n<li><strong>Japanese Yen (JPY). One of the most stable currencies in the world. It<\/strong>\u00a0is used as a \u00absafe haven\u00bb for investors during periods of economic instability.<\/li>\n<li><strong>Brazilian Real (BRL). Part of the largest economy in South America.<\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"key_differences_between_fiat_money_and_cryptocurrencies\"><\/span><strong>Key differences between Fiat money and Cryptocurrencies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cryptocurrencies and fiat currencies are used for payments and transactions. However, they differ in many aspects.<\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-25020 aligncenter\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/business-man-holding-bitcoin-hand-focus-bitcoin_74230-97-1.avif\" alt=\"bitnovo_hodl_resilience\" width=\"626\" height=\"417\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"differences\"><\/span><strong>Differences<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Unlike fiat currencies,\u00a0<strong>governments do not issue cryptocurrencies.<\/strong>\u00a0Instead, many cryptocurrencies are decentralized, so no authority can decide to issue more cryptocurrencies and, therefore, dilute their value.<\/p>\n<p><strong>Decentralized cryptocurrencies do not require third parties to validate transactions.<\/strong>\u00a0As transactions are verified through <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/guide-to-understanding-blockchain-without-doing-3-programming-masters-degrees\">blockchain<\/a> technology, all transactions are recorded permanently and irreversibly, making cryptocurrencies a secure way to exchange value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"similarities\"><\/span><strong>Similarities<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Fiat money and cryptocurrencies share some similarities: both have no intrinsic value, meaning they are not based on commodities like gold and silver. Much of their value comes from their global acceptance. They are also divisible: just as one euro can be divided into 100 cents, 1 Bitcoin (BTC) can be divided into <a href=\"https:\/\/cointelegraph.com\/news\/what-is-a-satoshi-the-smallest-unit-on-the-bitcoin-blockchains\">0.00000001 BTC.<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26614\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/SAT.jpg\" alt=\"bitnovo_fiat_money_vs_cryptocurrency\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/SAT.jpg 1920w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/SAT-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/SAT-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/SAT-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/SAT-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"risks_and_challenges_of_fiat_money_inflation_and_value_degradation\"><\/span><strong>Risks and challenges of Fiat money: Inflation and value degradation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Since fiat currency is not backed by a commodity, but by a certain dynamism of the economic system,\u00a0<strong>when fiat money is issued without a corresponding increase in economic production, it can lead to an excess of money in circulation.<\/strong>\u00a0This excess supply can decrease the currency&#8217;s purchasing power, resulting in inflation, where the prices of goods and services increase.<\/p>\n<ul>\n<li><strong>Weimar Republic. A classic example of the art of printing too much. In<\/strong> 1923 Germany, the need to pay war reparations, led to printing paper money uncontrollably. The inflation was so savage that people used bundles of marks to light the fireplace, because wood was more expensive than the money itself. A loaf of bread could cost billions of marks.<\/li>\n<\/ul>\n<p>Furthermore,\u00a0<strong>if citizens lose faith in the currency or in the government&#8217;s ability to manage the economy,<\/strong>\u00a0this can lead to a lack of acceptance of the currency. This could result in a currency crisis where people might prefer to use alternative forms of money, such as foreign currencies or commodities.<\/p>\n<ul>\n<li>Zimbabue. This country took the concept of printing money to epic levels in the late 2000s. The public lost so much faith that the government was forced to issue 100 trillion Zimbabwean dollar notes that could barely buy a loaf of bread. Citizens simply stopped using their currency, opting for the US dollar or the South African rand. Foreign currency became, de facto, the currency for daily use.<\/li>\n<\/ul>\n<p>For their part,\u00a0<strong>fiat currencies can be devalued by government decisions,<\/strong>\u00a0whether intentional or due to mismanagement, leading to negative impacts on international trade and investment.<\/p>\n<ul>\n<li>Venezuela. The economic crisis and hyperinflation have devalued the Bolivar to such an extreme that, today, most transactions are carried out using US dollars, despite the existence of the national currency. This is living proof that if trust is broken, people will migrate to alternative and more stable forms of money.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26613\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/Euro-Monedas.jpg\" alt=\"bitnovo_examples_fiat_currencies\" width=\"1280\" height=\"851\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/Euro-Monedas.jpg 1280w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/Euro-Monedas-300x199.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/Euro-Monedas-1024x681.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/Euro-Monedas-768x511.jpg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"why_is_fiat_money_still_the_most_used_form_today\"><\/span><strong>Why is Fiat money still the most used form today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nevertheless, despite the hyperinflation risks demonstrated by historical cases like the Weimar Republic and contemporary ones like Zimbabwe or Venezuela,\u00a0<strong>fiat money remains the world&#8217;s main monetary system.<\/strong>\u00a0This is because, on a large scale, its practical advantages are unmatched.<\/p>\n<p><strong>The firmness of fiat is based on a massive trust generated by its mandatory legal tender status.<\/strong>\u00a0Furthermore, Central Banks offer relative stability by managing the money supply and acting as arbiters in crises, which is vital for global trade. This centralized control provides a predictable infrastructure that alternatives, like cryptocurrencies, still cannot match on a massive scale.<\/p>\n<p>Definitively,\u00a0<strong>the system is reinforced by the US dollar as the main global reserve currency.<\/strong>\u00a0Most international trade and finance are negotiated in dollars, creating constant global demand.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26612\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/dolar-EEUU.jpg\" alt=\"bitnovo_inflation_fiat_money\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/dolar-EEUU.jpg 1920w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/dolar-EEUU-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/dolar-EEUU-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/dolar-EEUU-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/dolar-EEUU-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"the_relationship_between_fiat_money_and_the_crypto_revolution\"><\/span><strong>The relationship between Fiat money and the crypto revolution<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Everything we have analyzed about the instability of trust, the risk of excessive printing, and the dependence on Central Banks is, precisely, the starting point of the crypto revolution. Thus,\u00a0<strong>cryptocurrencies were born with a clear objective: to offer an alternative that overcomes the inherent limitations of fiat money.<\/strong>\u00a0While state money is subject to the control of a centralized entity, cryptocurrencies offer you total self-custody.<\/p>\n<p><strong>This is where true financial freedom resides.<\/strong>\u00a0By opting for cryptocurrencies, you choose to leave a system based on faith in a government and enter one based on transparency and mathematics. This is an empowering paradigm shift: you go from depending on the decisions of a politician to controlling your own financial destiny. It&#8217;s time to take control with <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/\">Bitnovo<\/a>!<\/p>\n<p>Its sole purpose being: to democratize access to and use of cryptocurrencies while you maintain total control over them. Or as Javier Castro-Acu\u00f1a, the Head of Crypto and Web3, says: \u00abWe offer real tools so that more people can use cryptocurrencies with total freedom and simplicity.\u00bb And that is exactly what we have achieved.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26615\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/Antes-FAQ.png\" alt=\"bitnovo_currency_crisis_zimbabwe\" width=\"800\" height=\"533\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/Antes-FAQ.png 800w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/Antes-FAQ-300x200.png 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/Antes-FAQ-768x512.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"frequently_asked_questions_about_fiat_money\"><\/span><strong>Frequently asked questions about Fiat money<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>What is fiat money? <\/strong>It\u00a0is the traditional form of money issued and regulated by the government, without backing in a physical commodity. It is widely accepted and offers benefits of stability and convenience.<\/li>\n<li><strong>What are the advantages of fiat money? <\/strong>Some\u00a0advantages include widespread acceptance, stability for financial planning, and government-backed security.<\/li>\n<li><strong>What are the differences between fiat money and cryptocurrencies? <\/strong>Fiat\u00a0money is centralized, controlled by governments, and widely accepted. Cryptocurrency is decentralized, independent of government control, and offers secure and efficient transactions.<\/li>\n<li><strong>How do governments regulate fiat money and cryptocurrencies? <\/strong>Governments\u00a0control fiat money through monetary policies and regulations. Cryptocurrency regulation varies between countries, seeking a balance between consumer protection and fostering innovation.<\/li>\n<li><strong>Which currency is right for me? <\/strong>The\u00a0choice between fiat currency and cryptocurrency depends on your preferences, needs, and risk tolerance. Consider factors like stability, accessibility, and regulatory frameworks when making your decision.<\/li>\n<li><strong>Why is trust important in fiat money? <\/strong>Trust\u00a0is fundamental for the functioning of fiat money, as its value is based on public acceptance. If the population loses faith in the currency, its value can fall rapidly, causing economic crises.<\/li>\n<li><strong>Are there alternatives to fiat money? Yes<\/strong>, alternatives such as cryptocurrencies and other forms of digital money are gaining popularity. These offer benefits like security and decentralization, but also present challenges, such as price volatility and lack of regulation.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"conclusion_and_call_to_action\"><\/span><strong>Conclusion and call to action<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>You have acquired transcendental knowledge about fiat money and its risks.<\/strong>\u00a0You now reason that true financial freedom means having self-custody and total control over your assets. You don&#8217;t have to depend on centralized entities or risk your savings being diluted by government decisions.<\/p>\n<p><strong>It is your moment to take control.<\/strong>\u00a0The most direct and secure way to protect your wealth is through digital assets. Download the <a href=\"https:\/\/www.bitnovo.com\/en\/wallet\">Bitnovo App<\/a> and start your path to financial autonomy in 3 minutes<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Discover what money by decree is, how fiat money works today, and why it continues to dominate the current global economy.<\/p>\n","protected":false},"author":12,"featured_media":15506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-15797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/15797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=15797"}],"version-history":[{"count":10,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/15797\/revisions"}],"predecessor-version":[{"id":26724,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/15797\/revisions\/26724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/15506"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=15797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=15797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=15797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}