At its most fundamental level, a cryptocurrency is simply a peer - to - peer digital payment system. (investinblockchain.com)
The article also outlined the potential role a central bank - backed cryptocurrency could play, noting that consumers are already increasingly using digital payment systems instead of cash. (cryptotimes.news)
The DOJ's response (through the FBI) recognized that both centralized and decentralized digital payment systems offer legitimate financial services, but pointed out that «malicious actors» are attracted to systems with «lax money - laundering and know - your - customer» controls. (coindesk.com)