Definition ∞ The actual movement of economic value from one party to another, typically across different geographical locations or financial systems. In the context of digital assets, this refers to the direct, often permissionless, exchange of digital currency for goods, services, or other assets.
Context ∞ The efficiency and low cost of real value transfer using digital assets present a significant challenge to traditional financial intermediaries. Regulatory bodies are examining how to oversee these transfers to prevent illicit activities while fostering innovation in global payments.
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