Transcription of VIRTUAL CURRENCY SCHEMES, OCTOBER 2012
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VIRTUAL CURRENCY SCHEMES, OCTOBER 2012
V i r t ua l c u r r e n c y s c h e m e s O CT O B ER 2012. VIRTUAL CURRENCY schemes . O cto b er 2012. In 2012 all ECB. publications feature a motif taken from the 50 banknote. European Central Bank, 2012. Address Kaiserstrasse 29. 60311 Frankfurt am Main Germany Postal address Postfach 16 03 19. 60066 Frankfurt am Main Germany Telephone +49 69 1344 0. Website Fax +49 69 1344 6000. All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged. ISBN: 978-92-899-0862-7 (online). CONTENTS. Executive summary 5. 1 Introduction 9. Preliminary remarks and motivation 9. A short historical review of money 9. Money in the VIRTUAL world 10. 2 VIRTUAL CURRENCY schemes 13. Definition and categorisation 13. VIRTUAL CURRENCY schemes and electronic money 16.
analysis. It is a first attempt to provide the basis for a discussion on virtual currency schemes. This report is structured into four parts. After a brief review of the history of money in this chapter, Chapter 2 definesand classifiesvirtual currency schemes. It also shows how their payment
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