At a high level, cryptocurrencies (like bitcoin) are digital currencies that operate independently of a central bank like traditional sovereign currencies such as the Canadian dollar. (canadianlawyermag.com)
«So SOV has the benefits of cryptocurrency and the legal and regulatory framework that covers sovereign currencies. (bitcoinmagazine.com)
«Nevertheless, despite starting from a low level as compared to sovereign currencies like euro or dollar, private cryptocurrencies are growing strongly, be it by number of transactions, number of tokens («coins») in circulation or value measured in US dollar or euro,» said Mai. (dataminr.com)