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virtual money definition, Convertible Virtual Currency An unregulated digital currency that can be used as a substitute for real and legally recognized currency Convertible Virtual Currency usually has a measurable value

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virtual money definition, 1 2 A short historical review of money 9 1 3 Money in the virtual world 10 2 VIRTUAL CURRENCY SCHEMES 13 2 1 Definition and categorisation 13 2 2 Virtual currency schemes and electronic money 16 2 3 Payment arrangements in virtual currency schemes 17 2 4 Reasons for implementing virtual currency schemes 18 3 CASE STUdIES 21

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virtual money definition, can mean a digital representation of either virtual currency non fiat or e money fiat and thus is often used interchangeably with the term virtual currency In this paper to avoid confusion only the terms virtual currency or e money are used

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virtual money definition, 17 08 2020 Virtual money is money without physical form electronically recorded moved and stored Since the 1960s most money has been stored in computers Coin and currency vaults hold a small fraction of a bank s assets Computer records and transaction

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