The legal implications of digital money: What you need to know
Digital money, digital currency, most popularly known as cryptocurrency, has seen its rise to fame over recent years. Despite its popularity, many remain skeptical of cryptocurrency and its impact on society.
According to the World Economic Forum, cryptocurrency helps continue, stabilize, and substitute existing money. However, cryptocurrencies operate totally differently than legal tender, and the authorities are concerned about a non-existent monetary policy for this digital money. This article will discuss digital money, its impact, and all the legal implications of cryptocurrency transactions.
