virtual funds

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virtual funds

Simulated money. Applications that simulate investing and trading in the financial markets use virtual funds instead of real money. Electronic Monopoly-like board games also use virtual funds. See Bitcoin.
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To break it down, cryptocurrency is virtual money used to make transactions.
Earlier, representatives of the Uzbek Central Bank negatively spoke in relation to virtual money, calling them an instrument for financing terrorism.
This new technology offers great hope not just in backing up virtual money but also in its application in land registries, music and other assets," he wrote in the Business Daily.
TrakInvest will train students in stock market investing through practical training modules where users will learn by trading with real stocks and virtual money.
The quest to develop virtual money or online currencies was part of the narrative of the New Economy up until the bubble burst in the early 2000s.
Regulators have already clamped down in South Korea and China and even in Russia, where a draft law was drawn up last week aimed at controlling the production and creation of virtual money.
The virtual money, generated by compromised foreign computers, was sent to Kim Il Sung University in Pyongyang, the firm said.
key=201801290100056740003492) told the Bell : "We are in the middle of a foundry business that is being supplied to a virtual money mining company in China.
Aquino stopped short of saying that the use of the said form of virtual money is a 'scam' or an 'illegal act.
One of Japan's largest digital currency exchanges says it has lost some $534m ([pounds sterling]380m) worth of virtual money in a hacking attack on its network, BBC reported.
Late last year, increased interest in cryptocurrency sent speculative virtual money enthusiasts running for their nearest GPU retailer to pick up equipment for a mining operation.

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