Virtual Currency

In 2012, the European Bank defined virtual currency as “a form of unregulated, digital funds, which is supplied and usually governed by its coders, and used and accepted one of the members of a unique virtual community”. A virtual currency has become defined in 2012 because of the European Central Lender as “a form of digital money, that is issued and generally controlled by its developers, and used and accepted one of the members of a unique virtual community. The Financial Offences Enforcement Network, a bureau on the US Treasury, identified virtual currency within its guidance printed in 2013.