Convertible Virtual Currency definition

Convertible Virtual Currency means Digital Assets that have an equivalent value in real currency, or that act as a substitute for real currency, including, without limitation, stablecoins and other cryptocurrency.
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Convertible Virtual Currency means a digital representation of value that:
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Convertible Virtual Currency means a substitute or avatar
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Examples of Convertible Virtual Currency in a sentence

  • U.S. Department of the Treasury Press Release: “The Financial Crimes Enforcement Network Proposes Rule Aimed at Closing Anti-Money Laundering Regulatory Gaps for Certain Convertible Virtual Currency and Digital Asset Transactions” (December 18, 2020), available at: https://home.treasury.gov/news/press-releases/sm1216.

  • See also FIN-2019-A003, Advisory on Illicit Activity Involving Convertible Virtual Currency (May 9, 2019) (advising financial institutions in identifying and reporting suspicious activity related to criminal exploitation of convertible virtual currencies for money laundering, sanctions evasion, and other illicit financing purposes).

  • U.S. Department of the Treasury Press Release: ‘‘The Financial Crimes Enforcement Network Proposes Rule Aimed at Closing Anti- Money Laundering Regulatory Gaps for Certain Convertible Virtual Currency and Digital Asset Transactions’’ (December 18, 2020), available at: https://home.treasury.gov/news/press-releases/ sm1216.

  • New York State Department of Taxation and Finance, Tax Department Policy on Transactions Using Convertible Virtual Currency (Dec.

  • See FinCEN, Advisory on Illicit Activity Involving Convertible Virtual Currency, May 9, 2019.

  • Financial Crimes Enforcement Network, Advisory on Illicit Activity Involving Convertible Virtual Currency (FIN-2019-A003) (May 9, 2019).

  • Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets, 85 FR 83840 (Dec.

  • CRIMES ENF’T NETWORK, U.S. TREASURY, FIN-2019-G001, APPLICATION OF FINCEN’S REGULATIONS TO CERTAIN BUSINESS MODELS INVOLVING CONVERTIBLE VIRTUAL CURRENCIES (2019) (explaining how the Bank Secrecy Act does and may apply to “convertible virtual currencies”); see also Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital, 85 Fed.

  • Credit Card Transactions Settling in Convertible Virtual Currency are Unfairly Impacted by the Threshold Change Card networks and other card processors are typically excluded from the definition of money transmission and, therefore, the Travel Rule.

  • FinCEN, Notice of Proposed Rulemaking: Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets, https://www.govinfo.gov/content/pkg/FR-2020-12-23/pdf/2020-28437.pdf (last visited Jan.


More Definitions of Convertible Virtual Currency

Convertible Virtual Currency means Virtual Currency that:
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Related to Convertible Virtual Currency

  • Contractual Currency has the meaning given in Clause 21.5;

  • Termination Currency means United States Dollars.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • freely convertible currency means a currency which is widely traded in international foreign exchange markets and widely used in international transactions.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • Fiat Currency means a currency issued by a country's government or central bank.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Cryptocurrency means a digital or electronic medium of exchange, operating independently of a central bank, in which encryption techniques are used to regulate generation of units and to verify transfer of units from one person to another.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Applicable Currency means as to any particular payment or Loan, Dollars or the Alternative Currency in which such payment or Loan is denominated or is payable.

  • Eligible Currency means each currency specified as such in Paragraph 11(a)(ii), if such currency is freely available.