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i. A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

ii. A digital or virtual currency that uses cryptography for security.

* All six elements should be in.

1. Purposeful and necessary, especially for those dealing in currency.

2. Footing or foundation - economy, market, - is safe, solid, strong.

3. Value or worth not unpredictable/fluctuating - stable & balanced.

4. Regulation, generation, receipt, conversion, etc. occurs timely.

5. Serves purpose(s), particularly for some recipient/beneficiary.

6. (Reserved) (Settlement currency must be 'hard' and of choice).

No exchange rates manipulation.

Not in a stock exchange/market.

No 'tumbling' usable as excuse.

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