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Digital Currencies: When the Advantages Are the Risks

Digital currency has become a phenomenon that has gained a lot of attention in the past years. It represents a set of Web-based mediums for exchange (just like physical money, but Internet-based). Virtual currency and cryptocurrency are both different types of digital currencies and in the case of the second one, the whole world has been a hub for development and implementation. Cryptocurrencies gained significant attention and there are numerous cryptocurrencies with surprisingly high market capitalization. However, the future of digital money has been a debatable topic despite an initial interest as there are certainly compelling reasons to believe that one of the most adopted and well-known cryptocurrencies—bitcoinmay be dead soon.

As digital money gains more traction, it attracts the attention of governments in th ...

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