Cryptocurrency Q&A
Who gets the money from the mint?
Who gets the money from the mint?
CryptoVanguard
Tue Nov 19 2024
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5 answers
1705
I'm curious about the minting process and specifically who ends up with the money generated from it. Is it the government, a private company, or some other entity?
5 answers
KatanaSwordsmanship
Thu Nov 21 2024
In turn, businesses purchase these coins to facilitate transactions and provide change to customers.
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ChristopherWilson
Thu Nov 21 2024
Meanwhile, the Printing and Engraving division is tasked with creating paper money.
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CryptoGladiator
Thu Nov 21 2024
The mint is responsible for producing coins.
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CryptoMystic
Thu Nov 21 2024
Similar to the mint, the paper money produced is also distributed to banks for use in the economy.
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EthereumEmpire
Thu Nov 21 2024
These coins are then sold to banks across the country at their face value.
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