Virtual currency definition

Virtual currency means a digital representation of value that:

Virtual currency means a digital representation of value used as a medium of exchange, unit of account, or store of value, which does not have legal tender status recognized by the United States. The term does not include:

Virtual currency means a digital asset that is:

Examples of Virtual currency in a sentence

• Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value.

• Virtual currency payments are defined as high-risk because of the increased risk of performing transactions that may serve for purposes of crimes such as money laundering and terrorist financing.

• Virtual currency is distinguished from fiat currency (a.k.a. “real currency,” “real money,” or “national currency”), which is the coin and paper money of a country that is designated as its legal tender; circulates; and is customarily used and accepted as a medium of exchange in the issuing country.

• Virtual currency is distinguished from fiat currency (real currency, real money or national currency), which is the coin and paper money of a country that is designated as its legal tender; circulates; and is customarily used and accepted as a medium of exchange in the issuing country.

• The Company has not traded or invested in Crypto currency or Virtual currency during the financial year.

More Definitions of Virtual currency

Virtual currency means a digital representation of value

Virtual currency means a digital representation of value used as a medium of

Virtual currency means a digital asset that is used as a medium

Virtual currency means a digital representation of value used as a

Virtual currency means a value represented in the digital form, which is digitally transferable, preservable or tradable and which natural persons or legal persons accept as a payment instrument, but that is not the legal tender of any country or funds for the purposes of Article 4(25) of Directive (EU) 2015/2366 of the European Parliament and of the Council on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (OJ L 337, 23.12.2015, pp. 35–127) or a payment transaction for the purposes of points (k) and (l) of Article 3 of the same Directive;

Virtual currency means a digital representation of value, including cryptocurrency, used as a medium of exchange, unit of account, or store of value, which does not have legal tender status recognized by the United States. The term does not include:

Virtual currency means stored value that: