Difference between cryptocurrency and digital currency
Digital currency is essentially an electronic form of currency issued by the government while cryptocurrency is a repository of value, which is protected by encryption. Cryptocurrencies are called digital assets while digital currencies are not digital assets. The digital wallets that people started using, especially during the pandemic, may contain both digital currencies and cryptocurrencies, but these two can’t really be interchanged with each other.
Cryptocurrency is a repository of value, which is protected by encryption. Cryptocurrencies are privately owned and have been created using advanced blockchain technology. Cryptocurrencies have not yet been regularized in most countries. However, digital currency is regulated by the central bank.
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