Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, perhaps, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered money.
- Addressing the Illicit Finance Risks of Virtual CurrencyRemarks From Under Secretary of Terrorism and Financial Intelligence David S. Cohen 3/18/2014 (The following text is copied from press releases at US Treasury Website.) Good morning. It is a pleasure to join you today to discuss virtual currency. And I would like to thank Bloomberg News for hosting this event and providing a forum for ...
News about Bitcoins (Digital Money):
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