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Virtual Currency as an Economic Exchange of the Future  

CATEGORY: Specialized Knowledge & Applications
  Online & Mobile
3 CPE Credits

What is used for buying, selling, and investing and is untraceable, anonymous, and technologically confusing? The answer uses different terms, but mean basically the same thing: cryptocurrency, virtual currency, digital currency, and cryptocoin. All describe a relatively new medium of economic exchange used for buying, selling, exchanging, and investing. Bitcoin is, by far, the most popular and accepted form of virtual currency. While some view these types of funds as an advanced form of monetary exchange, others see this wave as a technologically confusing method for scammers to drain money from unsuspecting victims. There is some truth to this as hackers have proven successful in draining certain markets and with the anonymity feature of virtual currency, prosecution and recovery are almost impossible. Regulators like the IRS struggle to keep up with issuing guidance to prevent taxpayer fraud. Still, the number of different types of virtual currency explodes. Bitcoin still leads the parade, but there are many others gaining popularity. This course is updated to reflect the most recent news, rules, and regulations. However, this particular topic is a dynamic one with changing information being released daily.

This basic-level course is most beneficial to professionals new to digital currencies like Bitcoin who may be at the staff or entry-level in an organization but also for a seasoned professional with limited exposure to this topic.

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