Cryptocurrency is a type of digital currency, the creation and control of which is based on cryptographic methods (encryption methods, the impossibility of changing data). As a rule, accounting for cryptocurrencies is decentralized, that is, it is not the state that is engaged in the emission of cryptocurrencies, but private people engaged in mining.
A key feature of cryptocurrencies is the absence of any internal or external regulator. Therefore, banks, tax, judicial and other public or private authorities cannot influence the transactions of any participants in the payment system.
The legal regime for cryptocurrencies varies greatly from country to country and remains uncertain or changing in many of them. While some countries explicitly allowed use and trade, others have banned or restricted it. Similarly, various government agencies, departments, and courts have classified cryptocurrencies in different ways.
Cryptocurrency has no real expression like metal coins or paper notes. This money exists exclusively in digital form.
More recently, many companies were reluctant to accept cryptocurrency as a means of payment, but now the situation has changed. So you can buy rare antiques, expensive yachts, cars, apartments and even valuable gold on it. You can also use your virtual wealth to pay for train tickets, casinos, and hotel services. This currency is readily accepted by electronics stores and gaming applications.