Cryptocurrency Q&A
Which country currency is ether?
Which country currency is ether?
Nicola
Sat Jun 29 2024
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7 answers
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Excuse me, I'm a bit confused about cryptocurrencies. Could you please clarify for me: which country's official currency is Ether? I've heard a lot about it in the crypto world, but I'm not sure if it's tied to a specific nation's economy. Is Ether backed by a central bank like traditional currencies? Or is it completely decentralized, with no direct affiliation to any country's monetary system? Your clarification would be greatly appreciated.
7 answers
Lorenzo
Mon Jul 01 2024
Ethereum is a decentralized digital currency that does not belong to any particular country.
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Alessandra
Mon Jul 01 2024
Unlike traditional fiat currencies, Ethereum is not backed by a government or central bank.
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Martino
Mon Jul 01 2024
The Indian Rupee, on the other hand, is the official currency of India.
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Lorenzo
Sun Jun 30 2024
It is used as the legal tender in the country and is issued by the Reserve Bank of India.
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TaekwondoMasterStrength
Sun Jun 30 2024
The abbreviation for India in international currency codes is "IN" or "IND".
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