In contrast to real currency, "virtual" currency is a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency. In particular, virtual currency does not have legal tender status in any jurisdiction.
Application of FinCEN's Regulations to Persons Administering, Exchanging, or Using Virtual Currencies
|10/22/2014||ICBA Backs Reforms to New York Virtual Currency Regs||NewsWatch Today|
|10/20/2014||Joint Letter on the Regulation of the Conduct of Virtual Currency Businesses||Joint Letter to Regulators|
|09/05/2014||ICBA Meets with NY Fed on Virtual Currency Risks||NewsWatch Today|
|08/12/2014||CFPB Warns Consumers about Virtual Currencies||NewsWatch Today|
|06/24/2014||Virtual Currency Risks and Regulations||Whitepaper|
|Application of FinCEN's Regulations to Persons Administering, Exchanging, or Using Virtual Currencies|