Virtual currency
Type of digital currency / From Wikipedia, the free encyclopedia
For fictional currencies used within games, such as Monopoly money, see Virtual economy.
Not to be confused with Cryptocurrency or Digital currency.
Virtual currency, or virtual money, is a digital currency that is largely unregulated, issued and usually controlled by its developers, and used and accepted electronically among the members of a specific virtual community.[1] In 2014, the European Banking Authority defined virtual currency as "a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically."[2] A digital currency issued by a central bank is referred to as a central bank digital currency.