Virtual Currency | Table O Contents

A Virtual Currency can be defined as a form of electronic value …

• Virtual Currency | Table O Contents
  • First Subtitle
  • Two Coins
    • Tangerine Copper
    • Gold Badge
    • Uniform Regulation of Virtual Currency Business Act
  • Committee Purpose
  • Committee Issues
  • Rule
  • Analysis: Public Interest
  • ARS Unfair and Deceptive Acts
  • Conclusion
  • Last Subtitle
  • Support
    • Patreon

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First Subtitle

Hint. Place the intro paragraph ie.) the ‘hypothesis’ here …

More to come …

Two Coins

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Tangerine Copper

Gold Badge

The other coin expected to hit the market in the year 2025 is our Medcoin™ Gold coin also patterned against our federally registered Medical Marijuana Initiative USPTO Trade Mark Logo Badge, as well.

As follows,

Uniform Regulation of Virtual Currency Business Act

State laws need to be harmonized to the extent possible in in the absence of an over-arching Federal payments regulatory framework.

Committee Purpose

• The drafting committee will consider the need for and feasibility of drafting state legislation on the regulation of virtual currencies.

Committee Issues

1. Licensing Requirements

2. State-To-State Reciprocity

3. Consumer Protection

4. Cyber-security

5. Anti-money laundering

6. Supervision of Licensees

Rule

The value of a Virtual Currency depends on the then current market supply and demand, hence the price.

Analysis: Public Interest

The Public Interest in a Virtual Currency arises from the following set of attributes …

• A Virtual Currency is not backed by any government.

• A Virtual Currency is allegedly safer from hacking,

• A Virtual Currency is often cheaper and faster,

• A Virtual Currency has finality of payment,

• A Virtual Currency can have a legitimate purpose,

• A Virtual Currency can be purchased, sold, and exchanged with other types of virtual currencies,

• A Virtual Currency can be exchanged with other types of real currencies.

ARS Unfair and Deceptive Acts

• State of Arizona

• More to come …

Conclusion

A Virtual Currency may lack the status of a legal tender, but nevertheless still retains the utility of a legal tender.

More to come …

Last Subtitle

More to come …

Note. The above synopsis was derived from an article written by the National Conference of Commissioners on Uniform State Laws [1].

1. The National Conference of Commissioners on Uniform State Laws. Published by © 2017 Uniformlaws.org.

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