Definitions[]
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] | ” |
| “ | [a] data element representing a set of properties of a physical entity.[2] | ” |
Virtual currency[]
"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."[3]
References[]
- ↑ Virtual Currencies: Key Definitions and Potential AML/CFT Risks. at 13 n.5.
- ↑ Industrial Internet Consortium, The Industrial Internet of Things Volume G8: Vocabulary 10 (IIC:PUB:G8:V2.00:PB:20170719) (2017) (full-text).
- ↑ Virtual Currencies: Key Definitions and Potential AML/CFT Risks. at 13 n.5.