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What is the difference between a virtual asset and a digital asset?

What is the difference between a virtual asset and a digital asset?

April 19, 2024 FAQ Virtual Assets Digital Assets

The main difference between a virtual asset and a digital asset is that while all virtual assets are a specific type of digital asset designed for trade and transfer on digital platforms, not all digital assets meet these criteria. Virtual assets are used for payment or investment and are often

What is Tokenization?

What is Tokenization?

April 10, 2024 Tokenization FAQ Blockchain

Tokenization is the process of converting rights to real world assets into digital tokens on a blockchain. These tokens represent ownership of the underlying assets and can be bought, sold, and traded on digital platforms. Tokenization enables fractional ownership of assets, allowing them to be divided into smaller, more affordable

Is Bitcoin a Virtual Asset?

Is Bitcoin a Virtual Asset?

April 8, 2024 FAQ Bitcoin Virtual Assets

Yes, Bitcoin is a virtual asset. Bitcoin is a digital representation of value that can be bought, sold, traded, and used for payments or as an investment vehicle. Bitcoin, the first and most well-known cryptocurrency, possesses all the key characteristics that define a virtual asset: 1. Digital: Bitcoin exists entirely

What is a Central Bank Digital Currency (CBDC)?

What is a Central Bank Digital Currency (CBDC)?

April 3, 2024 CBDC Central Banks Digital Currency

Central Bank Digital Currencies (CBDCs) are a hot topic in the world of finance, with over 100 countries exploring or developing their own digital currencies. But what exactly are CBDCs, and why are they generating so much buzz? Definition and Types of CBDCs A Central Bank Digital Currency (CBDC) is

What Are Virtual Assets?

What Are Virtual Assets?

February 20, 2024 Virtual Assets Cryptocurrency Gaming Tokens

Virtual Assets refer to any digital representation of value that can be digitally traded, transferred or used for payment. Virtual assets can be bought, sold, traded, or used as investment vehicles, similar to traditional assets. These assets range from cryptocurrencies, which challenge our notions of money, to digital tokens that

What is a Virtual Asset Service Provider (VASP)?

What is a Virtual Asset Service Provider (VASP)?

February 6, 2024 Virtual Assets VASP Virtual Asset Service Provider

What is a Virtual Asset Service Provider (VASP)? A Virtual Asset Service Provider is any business that conducts one or more of the following activities on behalf of its clients: * Exchange between virtual assets and fiat currencies * Exchange between different forms of virtual assets * Transfer of virtual assets * Safekeeping and/