Definice Digital Currency

Digital Currency means an electronically stored unit, whether or not it has an issuer, and which is not money under the Payment Act but is accepted as payment for goods or services by a person other than its issuer; for the purposes of these Terms and Conditions, the PROBINEX token (PBX token) and the Binance Coin (BNB Coin) shall be deemed to be Digital Currency

Examples of Digital Currency in a sentence

• Digital currency is not a legal currency in the Czech Republic, as it is not regulated by the legislation governing payment services (in particular Act No.284/2009 Coll., on payment transactions, as amended, and Act No.277/2013 Coll., on exchange activities, as amended), and trading with Digital Currency is therefore not subject to authorisation, regulation or supervision by the Czech National Bank.

• The Digital Currency is not a legal currency in the Czech Republic since it is not regulated by legal regulations governing payment services (especially Act No. 284/2009 Coll., on Payment Systems, as amended, and Act No. 277/2013 Coll., on Foreign Exchange Activities, as amended) and trading in the Digital Currency is therefore not subject to authorization, regulation, or supervision by the Czech National Bank.

• The Partner may not withdraw from the Partnership Agreement A, Partnership Agreement B, or the Cooperation Agreement pursuant to Section 1837(b) of the Civil Code since the subject of the above agreement is a transaction with the Digital Currency the price of which depends on fluctuations in the financial market independently of the will of the Trader and which may occur during the period for withdrawal from the above agreements.

• Currency may be irreversibly sent to an incorrect Electronic Wallet account of a third party different from the intended Digital Currency recipient.