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E-money

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Definition Edit

E-money is

a digital representation of fiat currency used to electronically transfer value denominated in fiat currency. E-money is a digital transfer mechanism for fiat currency — i.e., it electronically transfers value that has legal tender status.[1]

References Edit

  1. Virtual Currencies: Key Definitions and Potential AML/CFT Risks, at 4.

See also Edit

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