Search results for: “virtual-currency/”
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Virtual Currency
Virtual currency is a digital representation of value that can be traded on the Internet and functions as: a medium of exchange; a unit of account; and/or a store of value, but does not have legal tender status in any jurisdiction. Virtual currency is distinguished from fiat […]
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Bitcoin
Bitcoin in the E-Commerce Law Bitcoin, launched in 2009, was the first decentralized convertible virtual currency and the first cryptocurrency. Bitcoins are mathematical tokens composed of unique strings of numbers and letters that constitute units of the currency and are oftentimes traded […]