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costume jewelry wholesale los angeles For many people, the concept of digital currency is in the mist. But it is not doubt that digital currency is different from virtual currencies. Virtual currency is the electronicization of illegal currency, and its initial issuer is not the central bank. Such virtual currencies are mainly limited to circulation in a specific virtual environment. Digital currencies can be used for real commodities and service transactions, but only digital currencies issued by the state are legal digital currencies. In 2013, the central bank and the five ministries and commissions of the Central Bank issued the "Notice on Preventing Bitcoin Risks", which clearly defined illegal digital currencies such as Bitcoin as virtual commodities. It does not exist in the form of currencies and fiat currency. At the same time, digital currency is different from electronic payment. In the actual experience, digital currencies may be similar to the method of electronic payment, but there is still a large difference in essence. Before digital currency, the financial industry was highly informative. For example, online banking, WeChat, Alipay and other payment electronization gradually became popular, and physical cash only accounted for a small number of all -currencies. Nevertheless, because the money used during the transaction is through a bank account, in fact, it still corresponds to one banknote.