Virtual currency Financial Services. The Internet currency Flooz was created in 1999. The term "virtual currency" appears to have been coined around 2009, paralleling the development of digital currencies and social gaming. Although the correct classification is "digital currency", the U.S. government prefers and has uniformly adopted the term "virtual currency". The U.S. Treasury's FinCEN was first, followed by the FBI in 2012, the General Accounting Office in 2013, as well as the government agencies testifying at the November 2013 U.S. Senate hearing on bitcoin, including the Department of Homeland Security, the Securities and Exchange Commission, the Office of the Attorney General.
Digital gold currency e-Bullion, resulting in the complete closure of the company. In June 2011 a California jury found Fayed guilty of murder and sentenced him to death. Pecunix was a gold based digital currency (or e-currency) in which accounts had balances in GAU (gold grams). Pecunix was founded by Simon "Sidd" Davis in 2002, and was registered and incorporated in Panama. All gold bullion was originally stored with Mat Securitas Express AG in Zürich, Switzerland, but in 2008 the Pecunix directors transferred the bullion to an undisclosed location. In a 2012 interview with DGCMagazine, Mr. Davis described the development of the Voucher-Safe