A digital representation of value that. functions as a medium of exchange, a unit. of account, and/or a store of value. In some cases, you can spend it like money, but it does not have legal tender status in. the United States. Some virtual currencies have an equivalent. value in other currencies, such as U.S.
Virtual Currency - Overview, Types, Advantages and Disadvantages
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The value of a virtual currency is mainly driven by the sentiment of traders. As a result of its unregulated nature, a virtual currency can experience extensive price fluctuations. Summary Virtual currency is a type of unregulated digital currency that is not issued or controlled by a central bank. Examples include Bitcoin , Litecoin, and XRP.
Virtual Currency (including digital currency, cryptocurrency .
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A virtual currency is a digital representation of value. In order for digital assets to be considered virtual currencies under EU law, they must have a certain value in business transactions. Legally, virtual currencies are not currencies or money. How Does Digital Currency Make Money?
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Virtual Currency (including cryptocurrency, virtual assets, and "value that substitutes for currency") by John Bandler. Virtual currency is a fascinating area, especially as it pertains to cybercrime, money laundering, anti-money laundering (AML), law enforcement, consumer protection, and regulation. It is something I have written, spoken, and frequently teach about, so I decided to compile a summary of points and references that I can point students to.
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Virtual currency, or virtual money, is a digital currency that is largely unregulated and issued and usually controlled by its developers and used and accepted electronically among the members of a specific virtual community. In 2014, the European Banking Authority defined virtual currency as "a digital representation of value that is neither .
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What are Virtual Currencies?
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Virtual currency - Wikipedia
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How Is Virtual Currency Worth Anything? – lietaer.com
Virtual currency is a digital representation of value, other than a representation of the U.S. dollar or a foreign currency (“real currency”), that functions as a unit of account, a store of value, and a medium of exchange.
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