Which term describes a person who obtains virtual currency to purchase goods or services?

Which term describes a person who obtains virtual currency to purchase goods or services?

• A. Exchanger
• B. Administrator
• C. User
• D. Regulator

Answer: (C)

The idea being tested is who actually uses virtual currency to pay for goods or services. The person who obtains virtual currency to make purchases is a user—the end consumer or business that uses the currency to transact. Exchangers are the services that swap fiat for virtual currency or swap between currencies, so their role is about conversion, not paying for items. Administrators run the platform or wallet infrastructure, handling technical operations rather than acting as the end user. Regulators are authorities overseeing compliance and enforcement, not participants in typical market transactions. In AML terms, identifying the end user helps determine who bears the risk in everyday spending with virtual currency.

The idea being tested is who actually uses virtual currency to pay for goods or services. The person who obtains virtual currency to make purchases is a user—the end consumer or business that uses the currency to transact. Exchangers are the services that swap fiat for virtual currency or swap between currencies, so their role is about conversion, not paying for items. Administrators run the platform or wallet infrastructure, handling technical operations rather than acting as the end user. Regulators are authorities overseeing compliance and enforcement, not participants in typical market transactions. In AML terms, identifying the end user helps determine who bears the risk in everyday spending with virtual currency.