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RE: Vlog 194: Where does the money come from? Crypto currencies vs. Fiat currencies.

in #life7 years ago

Thanks for the positive post! I'm also relatively new to crypto and especially so to Steemit. But I'm fascinated by cripto and try to educate myself as much as possible. Yes. Banks do not print money. The money is printed by different agencies in different countries. In the US it's the Bureau of Engraving and Printing which prints on behalf of the Federal Reserve. I visited their museum in Washington DC some years back. In Canada, it's the Royal Canadian Mint which prints on behalf of the Bank of Canada.