Digital Currency definition

Digital Currency means a type of digital currency that:

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Digital Currency means Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ether Classic (ETC), or Litecoin (LTC), any Resulting Currency and any additional digital currency that the Borrower and Lender agree upon in writing.

Digital Currency means a type of digital unit or asset that is used as a medium of exchange or form of digitally stored value. Examples of Digital Currency include Bitcoin and Ether.

Examples of Digital Currency in a sentence

• Digital Currency shall be deemed to have been transferred by one Party to the other when the applicable Confirmation Protocol for the relevant Digital Currency has been completed and Fiat Currency shall be deemed to have been transferred by one Party to the other when received in the transferee’s bank account.

• If Borrower is entitled to any Rewards in accordance with this Section and such Rewards are distributed to Lender, Lender shall transfer such Rewards to a Digital Currency Address maintained by Custodian, designated by Borrower, as specified in the applicable Loan Term Sheet (“Rewards Account”).

• Following Custodian’s receipt of such Collateral in accordance with the Confirmation Protocol, Lender shall commence transmission of the Fiat Currency or Digital Currency specified in the applicable Loan Term Sheet to Borrower’s bank account or Digital Currency Address as agreed by the Parties in such Loan Term Sheet or as directed by Borrower in writing.

• Upon receipt of a Loan Request, L▇▇▇▇▇ shall inform B▇▇▇▇▇▇▇ whether Lender agrees to provide the requested Fiat Currency or Digital Currency on the terms set forth in the Loan Request.

• Borrower will be entitled to receive the benefit and ownership of any Rewards derived from Digital Currency provided as Collateral, to the full extent that Borrower would have been entitled to such Rewards had the applicable Digital Currency not been provided as Collateral.

More Definitions of Digital Currency

Digital Currency means the central bank digital currency issued by the Bank under section 35(1);

Digital Currency means money, scrip or other representation of value or contractual rights that can only be exchanged electronically on a Distributed Ledger (including, without limitation, each Underlying Type) and “Digital Currencies” shall be construed accordingly;

Digital Currency means USDT, USDC or any other digital currency as agreed between the Parties in writing.

Digital Currency means Bitcoin, USDT, USDC or any other digital currency as agreed between the Parties in writing.

Digital Currency means Bitcoin (BTC).

Digital Currency means Bitcoin, and any other “digital currency” which is a “commodity” under the Commodity Exchange Act, as amended. For this purpose, “digital currency” means any type of digital unit that is used as a medium of exchange or a form of digitally stored value (including digital units of exchange that (i) have a centralized repository or administrator, (ii) are decentralized and have no centralized repository or administrator, and/or (iii) may be created or obtained by computing or manufacturing effort).

Digital Currency means a digital form of currency issued by a government or a central bank;