NewsCase StudiesEvents

Bitcoin Trading Company in Denmark

Also in the news...

Foreign travel advice Indonesia

FCDO advises against all travel to parts of Indonesia.

Foreign travel advice Romania

Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).

Foreign travel advice The Gambia

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).

Foreign travel advice China

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).

Guidance Living in South Korea

Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.

Bitcoin Trading Company in Denmark

Back to News

Background Information about Virtual Currencies

Virtual currencies are a form of unregulated electronic money, as opposed to real money is not issued and guaranteed by a central bank, which in some cases can be used as a method of payment.

Virtual currencies have emerged in many different forms, first in connection with on-line gaming and social networking.More recently, virtual currencies developed to be used as an alternative to real currency.

Bitcoin is the most popular virtual currency, but also Litecoin, ZeroCoin and Linden Dollars can be mentioned among othersthe more well known.

Bitcoin exchanged today with real currency and is accepted to an increasing extent, both on-line and off-line in the general economy by purchasing goods and services.

Virtual Currencies Product Perfomance

Bitcoin is a technology that can be used to trade with on a closed market.

Contrary to usual payment technologies such as credit cards and PayPal, Bitcoin is decentralized which means that no enterprise, state, organization, or country is behind the technology.

Virtual currencies are a type of unregulated electronic money, which contrary to real money are not issued and guaranteed by a central bank and which in certain cases can be used as a method of payment. One of the characteristics of the virtual currencies is that a real issuer does not exist, and thus no real obligation for the issuer.

Article supplied by TBA & Associates

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.