Glossary

A digital representation of value that both:

• may be transferred, stored or traded electronically
• aren’t issued by or under the authority of a government body.

Virtual assets have certain functions, such as:

• a medium of exchange
• a store of economic value
• a unit of account
• an investment
• a governance token for distributed autonomous organisations.

This doesn’t include Central Bank Digital Currencies and other government issued virtual assets.

An entity that, as a business, provides designated services involving virtual assets to a customer, such as the exchange, transfer or safekeeping of virtual assets.

A physical or virtual means of storing private keys that allow the holder to control virtual assets.