Cryptocurrency
/ˌkrɪptəʊˈkʌrənsi/
Definitions
- (n.) A digital or virtual currency that uses cryptography for security and operates independently of a central authority, often subject to regulatory and legal frameworks concerning financial transactions, securities, and taxation.
Regulators are developing new laws to address the compliance of cryptocurrency exchanges.
Forms
- cryptocurrencies
Related terms
See also
Commentary
Legal definitions of cryptocurrency may vary by jurisdiction and often focus on its regulatory implications, such as classification for tax or securities purposes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.