What does virtual currency mean?
Definitions for virtual currency
vir·tu·al cur·ren·cy
This dictionary definitions page includes all the possible meanings, example usage and translations of the word virtual currency.
Wikipedia
Virtual currency
Virtual currency, or virtual money, is a type of unregulated digital currency, which is issued and usually controlled by its developers and used and accepted among the members of a specific virtual community. The U.S. Commodity Futures Trading Commission has warned investors against pump and dump schemes that use virtual currencies. The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury, defined virtual currency in its guidance published in 2013. In 2014, the European Banking Authority defined virtual currency as "a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically". By contrast, a digital currency that is issued by a central bank is defined as "central bank digital currency".
Numerology
Chaldean Numerology
The numerical value of virtual currency in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of virtual currency in Pythagorean Numerology is: 3
Examples of virtual currency in a Sentence
There are dozens and dozens of documents available that show Mr. Crater made every effort to create a viable virtual currency.
The scammer threatens to reveal the information to the recipient’s spouse, family and friends, and demands payment in exchange for secrecy. In an effort to avoid detection, the scammer often insists on being paid in bitcoin, a virtual currency that is legitimate but difficult to track.
Issuing the first BitLicense is an important milestone in the long-term development of the virtual currency industry, putting in place rules of the road that help protect consumers from loss or theft and root out illicit activity is vital to building trust in this new financial technology.
Bitcoin, Ether, Roblox, and V-bucks are a few examples of a convertible virtual currency.
They have the perception that there are many more people engaged in virtual currency transactions than is being reported on returns.
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"virtual currency." Definitions.net. STANDS4 LLC, 2024. Web. 3 May 2024. <https://www.definitions.net/definition/virtual+currency>.
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