Bitcoin Versus Electronic Money

[cryptocurrencylive]

https://openknowledge.worldbank.org/handle/10986/18418


"Bitcoin has had a volatile journey since
 it was launched in 2009, attracting attention among
 conventional investors as well as the black market.
 Regulators and policy makers are also following Bitcoin,
 raising the occasional eyebrow as they evaluate
 Bitcoin's risks and benefits and how to regulate this
 little understood virtual currency. Some media reports have
 confused Bitcoin with more popular electronic money
 (e-money) schemes used in many low-income countries to reach
 the unbanked. But the two are markedly different and should
 not be conflated. This brief provides information about
 Bitcoin and contrasts Bitcoin with e-money to avoid alarm
 about the former to the detriment of the latter."

[WtwkG]

The difference is already well established in the EU, where their is "electronic money" (as in EMI Electronic Money Institution, fully regulated financial entity by the way) and "virtual currency" (like bitcoin or other crypto currencies). For the legal terminology.

[johnatan32]

The difference is already well established in the EU, where their is "electronic money" (as in EMI Electronic Money Institution, fully regulated financial entity by the way) and "virtual currency" (like bitcoin or other crypto currencies). For the legal terminology.

Yes, slowly revealed the good things in the virtual currencies