digital currency

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digital currency:

see virtual currencyvirtual currency,
a means of payment that is electronically created and stored, more specifically an unregulated electronic medium of exchange that operates like a currency but is created and controlled by computer software; also called digital currency.
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digital currency

An umbrella term for a medium of exchange that is maintained in the computer. See virtual currency, cryptocurrency and digital money.
Copyright © 1981-2019 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.
References in periodicals archive ?
GRP anchors gold, so it not only has the value storage function of gold, but also has the portability, transparency and liquidity of digital currency, which solves the problem of traditional gold logistics.
The founder and CEO of peer-to-peer payments company Circle has opined that China's digital currency would help the nation bypass Western banking systems.
Wang Xin, head of the research bureau at the PBOC, said in June that the central bank is paying "high attention," to Libra and would ramp up the development of its digital currency.
Another group that believes digital currency is a passing fad.
The digital currency system will take some time to bridge the gaps, and no can underestimate the methods hackers can engage in.
'These regulations will help combating money laundering and terrorism financing while it will also help regulation of digital currency throughout the country,' said sources adding the FATF had warned of use of digital currency by terror organisations.
"We saw what was going on in the digital currency market.
The central bank-based digital currency will make cross-border financial transactions more secure and financially efficient.
MOST central banks do not expect to issue a digital currency within the next decade as they take a cautious approach to electronic money.
Summary: The UAE and Saudi Arabia have started using fintech for cross-border settlements, including a digital currency which they jointly developed for that purpose.
IMF head Christine Lagarde said central banks around the world should consider issuing digital currency.

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