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About: Private currency     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatPrivateCurrencies, within Data Space : dbpedia.org associated with source document(s)

Type: currencyyago:Abstraction100002137yago:Currency113385913yago:Measure100033615yago:MediumOfExchange113372961yago:Standard107260623yago:SystemOfMeasurement113577171yago:WikicatPrivateCurrencies New Facet based on Instances of this Class

A private currency is a currency issued by a private entity, be it an individual, a commercial business, a nonprofit or decentralized common enterprise. It is often contrasted with fiat currency issued by governments or central banks. In many countries, the issuance of private paper currencies and/or the minting of metal coins intended to be used as currency may even be a criminal act such as in the United States (18 U.S. Code § 486). Digital cryptocurrency is sometimes treated as an asset instead of a currency. Cryptocurrency is illegal as a currency in a few countries (mainly in West Asia and North Africa).