Digital Currency
From Open Risk Manual
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Definition
Digital Currency is any form of Money that is implemented on digital devices (programmable silicon based transistors)
Issues and Challenges
- Data Privacy of transactions
- Interoperability with other monetary / financial systems
- Compliance with applicable rules and regulations (e.g. Anti-Money Laundering)
- Cybersecurity
- Performance and Scalability (number of transactions, speed of transactions)
- Operational Robustness / Resilience to meet fluctuating demand for services
