Re:China declares cryptocurrency deals ‘illegal’
by pjerem on Friday September 24, 2021 @11:05AM
(#28643449)
Cryptocurrency is a distributed ledger over a blockchain. The real question is what is a digital money ?
Digital money is the digital equivalent to cash. It's money that is emitted by the central bank in digital form that you really own, not a debt that a bank somehow owes you.
Cryptocurrency or not, central bank application or other, it's all implementation detail. The important definition is : it's money you can own but that you can't touch.
Digital money is the digital equivalent to cash. It's money that is emitted by the central bank in digital form that you really own, not a debt that a bank somehow owes you.
Cryptocurrency or not, central bank application or other, it's all implementation detail. The important definition is : it's money you can own but that you can't touch.