Convertible Virtual Currency definition

Convertible Virtual Currency means Digital Assets that have an equivalent value in real currency, or that act as a substitute for real currency, including, without limitation, stablecoins and other cryptocurrency.
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Convertible Virtual Currency means a digital representation of value that:
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Convertible Virtual Currency means a substitute or avatar
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Examples of Convertible Virtual Currency in a sentence

  • U.S. Department of the Treasury Press Release: “The Financial Crimes Enforcement Network Proposes Rule Aimed at Closing Anti-Money Laundering Regulatory Gaps for Certain Convertible Virtual Currency and Digital Asset Transactions” (December 18, 2020), available at: https://home.treasury.gov/news/press-releases/sm1216.

  • See also FIN-2019-A003, Advisory on Illicit Activity Involving Convertible Virtual Currency (May 9, 2019) (advising financial institutions in identifying and reporting suspicious activity related to criminal exploitation of convertible virtual currencies for money laundering, sanctions evasion, and other illicit financing purposes).

  • U.S. Department of the Treasury Press Release: ‘‘The Financial Crimes Enforcement Network Proposes Rule Aimed at Closing Anti- Money Laundering Regulatory Gaps for Certain Convertible Virtual Currency and Digital Asset Transactions’’ (December 18, 2020), available at: https://home.treasury.gov/news/press-releases/ sm1216.

  • New York State Department of Taxation and Finance, Tax Department Policy on Transactions Using Convertible Virtual Currency (Dec.

  • See FinCEN, Advisory on Illicit Activity Involving Convertible Virtual Currency, May 9, 2019.

  • Financial Crimes Enforcement Network, Advisory on Illicit Activity Involving Convertible Virtual Currency (FIN-2019-A003) (May 9, 2019).

  • Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets, 85 FR 83840 (Dec.

  • CRIMES ENF’T NETWORK, U.S. TREASURY, FIN-2019-G001, APPLICATION OF FINCEN’S REGULATIONS TO CERTAIN BUSINESS MODELS INVOLVING CONVERTIBLE VIRTUAL CURRENCIES (2019) (explaining how the Bank Secrecy Act does and may apply to “convertible virtual currencies”); see also Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital, 85 Fed.

  • Credit Card Transactions Settling in Convertible Virtual Currency are Unfairly Impacted by the Threshold Change Card networks and other card processors are typically excluded from the definition of money transmission and, therefore, the Travel Rule.

  • FinCEN, Notice of Proposed Rulemaking: Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets, https://www.govinfo.gov/content/pkg/FR-2020-12-23/pdf/2020-28437.pdf (last visited Jan.


More Definitions of Convertible Virtual Currency

Convertible Virtual Currency means Virtual Currency that:
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Related to Convertible Virtual Currency

  • Contractual Currency has the meaning given in Clause 21.5;

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Cryptocurrency means a digital or electronic medium of exchange, operating independently of a central bank, in which encryption techniques are used to regulate generation of units and to verify transfer of units from one person to another.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Applicable Currency means as to any particular payment or Loan, Dollars or the Alternative Currency in which such payment or Loan is denominated or is payable.