{"component": "definition", "props": {"groups": [{"samples": [{"hash": "jD8lMnFRE4i", "uri": "/contracts/jD8lMnFRE4i#digital-currency", "label": "Master Digital Currency Loan Agreement (Bit Digital, Inc)", "score": 37.3997268677, "published": true}, {"hash": "jzuWDaYo5hl", "uri": "/contracts/jzuWDaYo5hl#digital-currency", "label": "Master Digital Currency Loan Agreement (Forward Industries, Inc.)", "score": 37.2108154297, "published": true}, {"hash": "k1Y6j8Rdjok", "uri": "/contracts/k1Y6j8Rdjok#digital-currency", "label": "Master Digital Currency Loan Agreement (Lm Funding America, Inc.)", "score": 36.8685836792, "published": true}], "size": 33, "snippet_links": [{"key": "resulting-currency", "type": "definition", "offset": [98, 116]}, {"key": "borrower-and-lender", "type": "clause", "offset": [162, 181]}, {"key": "in-writing", "type": "definition", "offset": [193, 203]}], "snippet": "means Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ether Classic (ETC), or Litecoin (LTC), any Resulting Currency and any additional digital currency that the Borrower and Lender agree upon in writing.", "hash": "4ed8aee72ffe721f755618c34e0014f6", "id": 1}, {"samples": [{"hash": "8R6lGej1g0o", "uri": "/contracts/8R6lGej1g0o#digital-currency", "label": "Insurance Policy", "score": 33.9231109619, "published": true}, {"hash": "4ZbGBCeyUmE", "uri": "/contracts/4ZbGBCeyUmE#digital-currency", "label": "Breach Response Insurance Policy", "score": 31.3073577881, "published": true}, {"hash": "7aXvPF7Yd1u", "uri": "/contracts/7aXvPF7Yd1u#digital-currency", "label": "Liability Insurance Policy", "score": 31.3017463684, "published": true}], "size": 27, "snippet_links": [{"key": "type-of", "type": "definition", "offset": [8, 15]}], "snippet": "means a type of digital currency that:", "hash": "c6d646d240a466e6c0075e43d813cb7d", "id": 2}, {"samples": [{"hash": "1NGf5ST7dy8", "uri": "https://www.cboedigital.com/wp-content/uploads/2020/04/2020-01E4_21_20.pdf", "label": "www.cboedigital.com", "score": 13.1079730988, "published": false}, {"hash": "9anuBCTsI5Y", "uri": "https://www.cftc.gov/sites/default/files/filings/orgrules/20/04/rule042120erisdcmdcm002.pdf", "label": "www.cftc.gov", "score": 13.0861539841, "published": false}, {"hash": "4qHTFBo96j6", "uri": "https://www.cboedigital.com/wp-content/uploads/2023/01/Cboe-Digital-Exchange-Rulebook-vFinal-January-2023.pdf", "label": "www.cboedigital.com", "score": 11.6420259476, "published": false}], "size": 9, "snippet_links": [{"key": "type-of", "type": "definition", "offset": [8, 15]}, {"key": "form-of", "type": "definition", "offset": [78, 85]}, {"key": "stored-value", "type": "definition", "offset": [96, 108]}, {"key": "examples-of", "type": "clause", "offset": [110, 121]}], "snippet": "means a type of digital unit or asset that is used as a medium of exchange or form of digitally stored value. Examples of Digital Currency include Bitcoin and Ether.", "hash": "cdea0f300a766a8e9d1e9f35be93f50d", "id": 3}, {"samples": [{"hash": "iLkEjvs2rye", "uri": "https://www.bom.mu/sites/default/files/bank_of_mauritius_act_amended_dec_2023_mdis_plain_website_15_dec_2023_0.pdf", "label": "www.bom.mu", "score": 18.6787586212, "published": false}, {"hash": "3l1gkFXTdBT", "uri": "https://www.icac.mu/wp-content/uploads/2023/02/THE-BANK-OF-MAURITIUS-ACT-2004.pdf", "label": "www.icac.mu", "score": 15.3160514832, "published": false}, {"hash": "yatssIIYhL", "uri": "https://www.bom.mu/sites/default/files/bank_of_mauritius_act_august_2023.pdf", "label": "www.bom.mu", "score": 11.8008213043, "published": false}], "size": 7, "snippet_links": [{"key": "central-bank-digital-currency", "type": "definition", "offset": [10, 39]}, {"key": "by-the-bank", "type": "clause", "offset": [47, 58]}], "snippet": "means the central bank digital currency issued by the Bank under section 35(1);", "hash": "d401058f7aa64176ecb581e8b78fa799", "id": 4}, {"samples": [{"hash": "gSiMTFHYQfx", "uri": "https://valour.com/files/VDSL-UKProspectus-Final-2024-09-23.pdf", "label": "valour.com", "score": 19.6608943939, "published": false}, {"hash": "eCvVgMsr15G", "uri": "https://doc.morningstar.com/document/61648a0cd6e5314d9af5169b399a8175.msdoc/?clientid=euretailsite&key=9ab7c1c01e51bcec", "label": "doc.morningstar.com", "score": 15.6626577377, "published": false}, {"hash": "18o9tAui4DA", "uri": "https://a.storyblok.com/f/155294/x/a2471410a6/csds-trust-instrument-21-dec-2020.pdf", "label": "a.storyblok.com", "score": 13.7391910553, "published": false}], "size": 6, "snippet_links": [{"key": "other-representation", "type": "clause", "offset": [22, 42]}, {"key": "contractual-rights", "type": "definition", "offset": [55, 73]}, {"key": "without-limitation", "type": "clause", "offset": [152, 170]}], "snippet": "means money, scrip or other representation of value or contractual rights that can only be exchanged electronically on a Distributed Ledger (including, without limitation, each Underlying Type) and \u201cDigital Currencies\u201d shall be construed accordingly;", "hash": "ae8c2a04ab3e0183e5926b35f5c3d13c", "id": 5}, {"samples": [{"hash": "7e1ZrTz7i3y", "uri": "/contracts/7e1ZrTz7i3y#digital-currency", "label": "Sales and Purchase Agreement (Bitfufu Inc.)", "score": 35.3018493652, "published": true}, {"hash": "7UhWTYJWp6M", "uri": "/contracts/7UhWTYJWp6M#digital-currency", "label": "Sales and Purchase Agreement (Abits Group Inc)", "score": 35.2114982605, "published": true}, {"hash": "3qVrJjPds9m", "uri": "/contracts/3qVrJjPds9m#digital-currency", "label": "Sales and Purchase Agreement (Cleanspark, Inc.)", "score": 33.6036949158, "published": true}], "size": 6, "snippet_links": [{"key": "agreed-between-the-parties", "type": "clause", "offset": [51, 77]}, {"key": "in-writing", "type": "definition", "offset": [78, 88]}], "snippet": "means USDT, USDC, or any other digital currency as agreed between the Parties in writing.", "hash": "9a35f24126010505f7652e9ad489ab49", "id": 6}, {"samples": [{"hash": "hfyCrRTXHXy", "uri": "/contracts/hfyCrRTXHXy#digital-currency", "label": "Sales Contracts (Cipher Mining Inc.)", "score": 34.1738548279, "published": true}, {"hash": "5g3PdDkRmt4", "uri": "/contracts/5g3PdDkRmt4#digital-currency", "label": "Sales Contracts (Cleanspark, Inc.)", "score": 33.0177955627, "published": true}, {"hash": "6a7TWGDzvFV", "uri": "/contracts/6a7TWGDzvFV#digital-currency", "label": "Sales and Purchase Agreement (Cleanspark, Inc.)", "score": 32.7741279602, "published": true}], "size": 5, "snippet_links": [{"key": "agreed-between-the-parties", "type": "clause", "offset": [59, 85]}, {"key": "in-writing", "type": "definition", "offset": [86, 96]}], "snippet": "means Bitcoin, USDT, USDC or any other digital currency as agreed between the Parties in writing.", "hash": "f39ed279b6cc73cc9832f9c8beab7b3a", "id": 7}, {"samples": [{"hash": "5lhSbhNbJfW", "uri": "https://www.ice.com/publicdocs/regulatory_filings/19-161_Listing_Bitcoin_Monthly_Futures_Contract%20.pdf", "label": "www.ice.com", "score": 9.6803560257, "published": false}, {"hash": "3zwL7mJeF77", "uri": "https://www.theice.com/publicdocs/regulatory_filings/19-160_Listing_Bitcoin_Daily_Futures_Contract.pdf", "label": "www.theice.com", "score": 9.6762495041, "published": false}, {"hash": "c1wGOJSXBDH", "uri": "https://www.theice.com/publicdocs/rulebooks/futures_us/39_Digital_Currency_Rules.pdf", "label": "www.theice.com", "score": 8.7152633667, "published": false}], "size": 4, "snippet_links": [{"key": "commodity-exchange-act", "type": "definition", "offset": [81, 103]}, {"key": "as-amended", "type": "definition", "offset": [105, 115]}, {"key": "type-of", "type": "definition", "offset": [164, 171]}, {"key": "form-of", "type": "definition", "offset": [227, 234]}, {"key": "stored-value", "type": "definition", "offset": [245, 257]}, {"key": "centralized-repository", "type": "definition", "offset": [311, 333]}], "snippet": "means Bitcoin, and any other \u201cdigital currency\u201d which is a \u201ccommodity\u201d under the Commodity Exchange Act, as amended. For this purpose, \u201cdigital currency\u201d means any type of digital unit that is used as a medium of exchange or a form of digitally stored value (including digital units of exchange that (i) have a centralized repository or administrator, (ii) are decentralized and have no centralized repository or administrator, and/or (iii) may be created or obtained by computing or manufacturing effort).", "hash": "624e434d9a1f18a6690f3189517422f4", "id": 8}, {"samples": [{"hash": "hZOiDzmedtj", "uri": "/contracts/hZOiDzmedtj#digital-currency", "label": "Credit Agreement (Adit EdTech Acquisition Corp.)", "score": 34.1060905457, "published": true}, {"hash": "cl9A1HRLPgg", "uri": "/contracts/cl9A1HRLPgg#digital-currency", "label": "Credit Agreement (Adit EdTech Acquisition Corp.)", "score": 33.9308700562, "published": true}, {"hash": "eOaylYMc81S", "uri": "/contracts/eOaylYMc81S#digital-currency", "label": "Credit Agreement (Adit EdTech Acquisition Corp.)", "score": 33.3696098328, "published": true}], "size": 4, "snippet_links": [], "snippet": "means Bitcoin (BTC).", "hash": "5b416e82f10241cb61eddcf287fe85ca", "id": 9}, {"samples": [{"hash": "lhJf4rYVhwA", "uri": "http://laws.bahamas.gov.bs/cms/images/LEGISLATION/PRINCIPAL/2024/2024-0040/2024-0040.pdf", "label": "laws.bahamas.gov.bs", "score": 17.2005786896, "published": false}, {"hash": "cSwQxjJz6cC", "uri": "https://www.scb.gov.bs/wp-content/uploads/2024/07/Gazetted-Digital-Assets-and-Registered-Exchanges-Act-2024.pdf", "label": "www.scb.gov.bs", "score": 15.3314590454, "published": false}, {"hash": "jy6wELcYCyo", "uri": "https://www.scb.gov.bs/wp-content/uploads/2023/04/DARE-Bill-2023-Consultation-Document.pdf", "label": "www.scb.gov.bs", "score": 10.6557149887, "published": false}], "size": 4, "snippet_links": [{"key": "form-of", "type": "definition", "offset": [16, 23]}, {"key": "issued-by", "type": "definition", "offset": [33, 42]}, {"key": "central-bank", "type": "clause", "offset": [61, 73]}], "snippet": "means a digital form of currency issued by a government or a central bank;", "hash": "1fb492730c716f95dd4085b1d5410b7c", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIZZGlnaXRhbC1jdXJyZW5jeSMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"size": 169, "title": "Digital Currency", "snippet": "means Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ether Classic (ETC), or Litecoin (LTC), any Resulting Currency and any additional digital currency that the Borrower and Lender agree upon in writing.", "id": "digital-currency", "examples": ["In the event a Market Disruption Event is in effect on any Recall Delivery Date for a Borrowed Asset consisting of <strong>Digital Currency</strong>, the Recall Delivery Date will be extended to the earlier of (x) fifteen (15) Business Days or (y) until the Market Disruption Event is no longer in effect (the \u201cRecall Grace Period\u201d).", "If (x) the market in the borrowed <strong>Digital Currency</strong> is Illiquid (as defined below) as of the Maturity Date or the Recall Delivery Date (as the case may be), and (y) Lender determines in its reasonable discretion that it has become commercially infeasible for Borrower to return the <strong>Digital Currency</strong>, then Borrower may repay the Loan in Dollars at the Illiquid Market Spot Rate (as defined below).", "If a Market Disruption Event is still in effect at the end of such fifteen (15) Business Day period, Borrower shall immediately transfer available funds in an amount of Dollars equal to the average price on the Liquidity Exchanges (measured at 4:00 p.m. New York time) of the borrowed <strong>Digital Currency</strong> during the fifteen (15) Business Days including and prior to the Market Disruption Event (the \u201cMarket Disruption Spot Rate\u201d).", "The market in the borrowed <strong>Digital Currency</strong> is \u201cIlliquid\u201d if the seven-day average daily trading volume across the Liquidity Exchanges (as measured by the 30-day average daily trading volume on the Loan Date) has decreased by at least 90% from the date of the Loan Term Sheet to the Maturity Date or the Recall Delivery Date (as the case may be), or if the borrowed <strong>Digital Currency</strong> ceases to be listed on any of the Liquidity Exchanges.", "For purposes of calculating Fees, Digital Currencies shall be deemed to have been Transferred by one party to the other when the applicable Confirmation Protocol for the relevant <strong>Digital Currency</strong> has been completed.", "The Late Fee shall be payable, unless otherwise agreed by the Borrower and Lender, in the applicable <strong>Digital Currency</strong> or in Dollars if the Loan was in Dollars.", "Notwithstanding the forgoing or anything in this Agreement to the contrary, Borrower may always satisfy its repayment or delivery obligations pertaining to <strong>Digital Currency</strong> in this Agreement by repaying or delivering the applicable amount of borrowed <strong>Digital Currency</strong>.", "If at any time insufficient amounts are received by the Lender to pay fully all amounts of principal, Fees, and other amounts then due and payable hereunder, such <strong>Digital Currency</strong> and/or Dollars payment received shall be applied (i) first, to pay Fees then due and payable hereunder, (ii) then, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.", "In no event shall payments by Borrower in one <strong>Digital Currency</strong> and/or Dollars be applied by Lender to pay off obligations outstanding with respect to a Loan in another <strong>Digital Currency</strong> and/or Dollars.", "In the event of a Hard Fork or Applicable Airdrop with regards to any loaned <strong>Digital Currency</strong> or Collateral, any outstanding Loans will not be immediately terminated."], "related": [["virtual-currency", "Virtual currency", "Virtual currency"], ["national-currency", "National Currency", "National Currency"], ["original-currency", "Original Currency", "Original Currency"], ["optional-currency", "Optional Currency", "Optional Currency"], ["first-currency", "First Currency", "First Currency"]], "related_snippets": [], "updated": "2026-06-09T05:48:28+00:00"}, "json": true, "cursor": ""}}