What Is Cryptocurrency?
It is stored and transferred on a distributed ledger, a shared register.
Video coming soon. The lesson video will appear here once it is published on YouTube.
Check yourself: sample questions
Think about each question, pick what you would answer if you like, then select “Show answer” to see the solution and why. Nothing is graded or sent to us. Example numbers are worked examples, not predictions.
1.How does EU law label a cryptocurrency?
It is stored and transferred on a distributed ledger, a shared register.
2.Which are the three jobs of money?
The BIS says money needs the same value in different places and a stable value over time.
3.A loaf costs 2 euros. How many loaves do Marge's 10 euros buy?
10 divided by 2 is 5 loaves.
Full course: 5 more questions for this lesson
The full course unlocks all self-check questions of all 365 lessons, the daily plan, your progress and the printable learning record. Lessons 1 to 7 are completely free.
See the full course Start the free week
Already bought? Open the course on this device
Sources (6)
- Regulation (EU) 2023/1114 (MiCA), Article 3 Definitions, Wiedergabe im ESMA Interactive Single Rulebook
- Bank for International Settlements: Annual Economic Report 2018, Chapter V: Cryptocurrencies: looking beyond the hype (24 June 2018)
- EBA, ESMA, EIOPA (ESAs): EU financial regulators warn consumers on the risks of crypto-assets, Pressemitteilung 16 March 2022
- European Securities and Markets Authority: Markets in Crypto-Assets Regulation (MiCA), Themenseite
- U.S. Securities and Exchange Commission: Report of Investigation Pursuant to Section 21(a): The DAO, Release No. 81207, 25 July 2017
- Eigene Rechnung: Brotpreis in Einheiten
Related lessons
Education only. Not financial advice.