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Digital currency is a form of money that, unlike traditional currencies, is not produced physically and is virtual. Bitcoin is the first cryptocurrency in history, launched in 2008. Cryptocurrencies secure transactions using encryption technology. Cryptocurrencies are decentralized, meaning no intermediary or government entity controls or manages them. To store cryptocurrencies, a digital wallet is needed. The price of cryptocurrencies is determined by various factors, with supply and demand being the most important. Regulators have not yet reached a consensus on the legality of cryptocurrencies, and the laws related to them vary across different regions of the world.
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