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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.

exist. The scheme has been surrounded by some controversy, not least because of its potential to become an alternative currency for drug dealing and money laundering as a result of its high degree of anonymity. The second case study in this report is Second Life’s virtual currency scheme, in which Linden Dollars are used.

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  Virtual, Report, Potential, Schemes, Currency, Virtual currency, Virtual currency schemes

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