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Base law

Definition of virtual currencies

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The Wwft defines a virtual currency as "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". DNB also refers to virtual currencies as cryptos.

Published: 06 March 2023

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