Common use of Cryptocurrency Clause in Contracts

Cryptocurrency. a virtual financial settlement unit, being neither legal payment means, or electronic money or a financial instrument, input into the dispersed accounting system, (blockchain) based on the cryptography, convertible in business trading into legal payment means, and accepted as the exchange means, that may be stored electronically or transferred, and that may be subject of electronic trading;

Appears in 2 contracts

Sources: Distribution Agreement, Distribution Agreement