Virtual Digital Asset (VDA)

Modified on Wed, 09 Aug 2023 at 10:46 AM

Virtual Digital Asset (VDA) is a term used to refer to digital assets that have value and can be traded but are not considered legal tender. These can include cryptocurrencies, digital tokens, and other digital assets that can be used for transactions or investments. Unlike traditional assets, VDAs are not backed by a physical commodity or government but instead derive their value from market demand and supply.

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