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Cryptocurrencies refer to digital means of payment that can be traded and paid globally over the Internet. Through these forms of digital currency, methods of cryptography are used in order to encrypt the data behind the currency and thus to ensure its security and reliability. One example of this kind of currency is bitcoin.

Term-Nr.: 229

German: Kryptowährung (489)

Source: Fintech-Hub m. e. E., 29.05.2019

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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