Real Currency

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Real Currency

The purchasing power in today's currency of future nominal currency to be disbursed or received.

Real Currency

A currency expressed in terms adjusted for inflation. See also: Real, Nominal.
References in periodicals archive ?
The same accusation can be made against real currencies whose issuance has long ceased being tied to the gold stocks of the issuer, even though even gold has little more than a perceived value.
This ruling is also contradictory; it states that virtual currencies can be treated like real currencies in certain circumstances.
Secondly, look at virtual currency exchange platforms to prevent their abuse for money laundering and terrorist financing purposes, the Commission proposes to bring virtual currency exchange platforms under the scope of the Anti-Money Laundering Directive, so that these platforms have to apply customer due diligence controls when exchanging virtual for real currencies, ending the anonymity associated with such exchanges.
76) Moreover, because the "definition of a money transmitter does not differentiate between [the transmission and acceptance of] real currencies and virtual currencies[,]" an owner of a Bitcoin ATM will likely be considered a "money transmitter" for purposes of FinCEN regulations.
Unlike most other virtual or real currencies, Bitcoin does not have a single issuer--a government or a company that owns an online game--and exists solely as a file on a user's computer.
Treasury Financial Crimes Enforcement Network (FinCEN) stated that any business that transfers virtual currencies, or that exchanges virtual currencies for real currencies, would be considered a money transmitter for registration and reporting purposes under the BSA.
such as gold, (5) today, most real currencies are fiat currencies, which
84) The guidance distinguishes virtual currencies from real currencies as "medium[s] of exchange that operate [] like a currency in some environments, but do[] not have all the attributes of real currency.
DUBAI Counterfeiters are throwing up a huge challenge to authorities and money exchange houses by using increasingly sophisticated techniques to forge notes with most of the security features used in real currencies, forensic experts said.
Social network users and social gaming players are becoming more comfortable paying for virtual goods and there is a need for convenient and secure micropayment transactions made in virtual or real currencies.
Are these network currencies ultimately going to challenge our existing tax system (2) (no real currencies, therefore no taxes), as well as the State's monopoly and monetary controls (multiplication ad infinitum of currencies that are not bound to have obligatory reserves)?