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Virtual currency schemes - a further analysis

2.1 Virtual currencies do not fit the economic or legal definition of money or currency 23 ... it is defined as a digital representation of value, not issued by a central bank, credit institution or e-money institution, which in some circumstances can be used ... In 2011 the ECB started analysing the emergence of virtual currency schemes ...

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  Virtual, Schemes, Currency, Digital, Emergence, Currencies, The emergence, Virtual currency schemes

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