Virtual currencies

A digital representation of value that is not issued or guaranteed by a central bank or a public authority, is not necessarily attached to a legally established currency and does not possess a legal status of currency or money, but is accepted by natural or legal persons as a means of exchange and which can be transferred, stored and traded electronically.

Term-Nr.: 874

German: Virtuelle Währungen (860)

Source: FMA AT m. e. E., 30.10.2018