Digital and Cryptocurrencies:
With the development of technology in recent years, digital money and cryptocurrencies have become widespread.
🔹 Digital money
Is a form of electronic money managed by central banks and commercial banks.
Projects such as CBDC (Central Bank Digital Currency) are being developed in this area.
For example: the digital yuan created by the Chinese government, the digital euro planned by the European Union.
🔹 Cryptocurrencies (Bitcoin, Ethereum, etc.)
They are digital currencies that are not managed by a central institution and work on blockchain technology.
Direct (peer-to-peer) transactions are carried out between users and there is no dependence on banks.
📌 Advantages:
Does not depend on central institutions.
Global transfers are possible with low commission fees.
Provides security and transparency.
📌 Disadvantages:
High price volatility.
There are problems with legal regulation.
Cryptocurrencies can be used for fraudulent purposes.