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Virtual currency technologies are evolving rapidly and a currency used today could be obsolete tomorrow.

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Apply Now at Answer Wiki 1 Answer Danielle Murphy Answered 92w ago 1.Virtual Currency Regulation Virtual currency, also known as digital currency or crypto-currency, is a medium of exchange not authorized or adopted by a government.Still toiling away as an elementary school teacher or a firefighter.

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It is one of the largest virtual currency exchanges by volume in the world.

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Australia is set to regulate virtual currency exchanges such as Bitcoin and strengthen the powers of its financial intelligence agency AUSTRAC as it cracks down on.