Document ID: chunk:federal_register_of_legislation:C2017A00130:clause:1_3
Version: federal_register_of_legislation:C2017A00130
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 4578–5425

3  Section 5
Insert:
digital currency means:
 (a) a digital representation of value that:
 (i) functions as a medium of exchange, a store of economic value, or a unit of account; and
 (ii) is not issued by or under the authority of a government body; and
 (iii) is interchangeable with money (including through the crediting of an account) and may be used as consideration for the supply of goods or services; and
 (iv) is generally available to members of the public without any restriction on its use as consideration; or
 (b) a means of exchange or digital process or crediting declared to be digital currency by the AML/CTF Rules;
but does not include any right or thing that, under the AML/CTF Rules, is taken not to be digital currency for the purposes of this Act.
Digital Currency Exchange Register has the meaning given by section 76B.