 In particular, virtual currency does not have legal tender status in any jurisdiction.In 2014, the European Banking Authority defined virtual currency as "a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically".In 2018, Directive (EU) 2018/843 of the European Parliament and of the Council entered into force.