Definition Edit

Digital representation is

a representation of something in the form of digital data — i.e., computerised data that is represented using discrete (discontinuous) values to embody information, as contrasted with continuous, or analog signals that behave in a continuous manner or represent information using a continuous function.[1]

Virtual currency Edit

"A physical object, such as a flash drive or a bitcoin, may contain a digital representation of virtual currency, but ultimately, the currency only functions as such if it is linked digitally, via the Internet, to the virtual currency system."[2]

References Edit

  1. Virtual Currencies: Key Definitions and Potential AML/CFT Risks. at 13 n.5.
  2. Id.

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