Virtual currency definition

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 representation of value that:
Virtual currency means a digital asset that is:

Examples of Virtual currency in a sentence

  • The IRS classifies convertible virtual currency as property (see IRS, Virtual Currency Guidance, supra n.


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 stored value that:
Virtual currency means a digital representation