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

  • Virtual currency is not legal tender, is not backed by any government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.

  • However, for the avoidance of doubt, the Trust permanently and irrevocably abandons any Incidental Rights and IR Virtual currency to which the Trust may become entitled in the future.

  • Please note the following disclosures associated with virtual currency: ● Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.

  • The Administration has full control over all Virtual currency and Virtual goods and at any time has the right to change the value (amount of Remuneration), change and/or delete any Virtual currency and any Virtual goods at its discretion and without incurring any liability.

  • The usage of Equitas Credit card shall strictly be in accordance with exchange control regulations, law of the land or of the Regulatory authorities as applicable from time to time, the card will not be used for transactions involving Forex Trading, Lottery, Betting, Gambling, Dating, Babysitting, Cryptocurrency and Virtual currency.


More Definitions of Virtual currency

Virtual currency means a digital representation of value
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Virtual currency means any type of a digital
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Virtual currency means a digital representation of value used as a medium of
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Virtual currency means a digital asset that is used as a medium
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Virtual currency means a digital representation of value used as a
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Virtual currency means any type of digital representation that:
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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;
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