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Digital currency is a term that refers to a specific type of electronic currency with specific properties. Digital currency is also a term used to include the meta-group of sub-types of digital currency, the specific meaning can only be determined within the specific legal or contextual case.
Digital fiat currency is part of the base money supply, [43] together with other forms of the currency. As such, DFC is a liability of the central bank just as physical currency is. [ 44 ] It is a digital bearer instrument that can be stored, transferred and transmitted by all kinds of digital payment systems and services.
A cryptocurrency, crypto-currency, or colloquially, crypto, is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
Cryptocurrency is a digital payment mechanism based on the concept of decentralization -- meaning it is not regulated by a central authority, like a government -- which sets it apart from ...
The Bank and the Treasury launched a consultation in February last year over the so-called central bank digital currency.
Virtual currency, or virtual money, is a digital currency that is typically unregulated, issued and usually controlled by its developers, and used and accepted electronically among the members of a specific virtual community as part of a virtual economy. [1]
The issuance of the currency, called SOL, is capped at 480 million coins. 7. Dogecoin (DOGE) ... so those speculating in these digital assets should not put in more money than they can afford to ...
Token money has less intrinsic value compared to its face value. [10] If the token money is metallic it is commonly made out of cheaper metals such as copper and nickel. [11] [12] Token money is also money whose face value exceeds its cost of production, i.e. the intrinsic value is lower than the extrinsic value.