Examples of Digital Currency in a sentence
For purposes of creating a “security entitlement” as such term is defined in Section 8-102(a)(17) of the UCC, the Company and the Participant agree that: (1) the Digital Currency and any Digital Currency wallet maintained by the Company shall be treated as a “financial asset” as such term is defined in Section 8-102(a)(9) of the UCC; and (2) each Participant shall be treated as an “entitlement holder” as such term is defined in Section 8-102(a)(7) of the UCC.
Any Digital Currency which a Participant desires be credited to such Participant’s Participant Account shall be transferred to a Digital Currency wallet designated by the Company and upon such transfer the Company shall indicate by book entry that such Digital Currency has been credited to such Participant Account.
Any Digital Currency which an FCM Participant desires be credited to any of such FCM Participant’s Customer Accounts shall be transferred to a Digital Currency wallet designated by the Company and upon such transfer the Company shall indicate by book entry that such Digital Currency has been credited to any of such Customer Accounts.
For purposes of creating a “security entitlement” as such term is defined in Section 8-102(a)(17) of the UCC, the Company and the Customer and the relevant FCM Participant all agree that: (1) the Digital Currency shall be treated as a “financial asset” as such term is defined in Section 8-102(a)(9) of the UCC; and (2) each FCM Participant shall be treated as an “entitlement holder” as such term is defined in Section 8-102(a)(7) of the UCC.
Once submitted to a Digital Currency network, a Digital Currency Transaction will be unconfirmed for a period of time pending sufficient confirmation of the transaction by the Digital Currency network.