Explanation of terms and acronyms related to the media and broadcasting world. Updated every week!

Virtual Currency

Virtual currency or virtual money is a kind of digital currency that is only available in electronic form. Usually, virtual currency is issued and controlled by its developers and accepted and used among the members of a certain virtual community. Contrasting to regular currency, it is depending on on a system of trust and not issued by any financial institution or banking authority. Generally, virtual currencies are denoted in terms of tokens and without a legal tender it may remain unregulated.

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