Cryptocurrency Q&A
Is virtual money real money?
Is virtual money real money?
KDramaCharm
Fri Oct 25 2024
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7 answers
1364
I'm curious about the nature of virtual money. Is it considered real money in the sense that it has actual value and can be used for transactions, or is it just a digital representation without any tangible worth?
7 answers
KimonoElegantGlitter
Sun Oct 27 2024
Virtual currencies are digital representations of value.
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SeoulSerenity
Sun Oct 27 2024
They are not issued or guaranteed by a central bank or public authority.
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SejongWisdomKeeperEliteMind
Sun Oct 27 2024
These currencies are not necessarily tied to a legally established currency.
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TaegeukChampion
Sun Oct 27 2024
They do not possess the legal status of currency or money.
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CryptoVanguard
Sat Oct 26 2024
Despite this, virtual currencies are accepted by natural or legal persons.
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