The term 'digital currency' encompasses all forms of money that are issued and stored digitally. This broad category includes cryptocurrencies like Bitcoin, stablecoins, and central bank digital currencies (CBDCs). Digital currencies operate on cryptographic technologies, enabling secure and anonymous transactions over the internet. They offer advantages such as instantaneous transfers, reduced transaction costs, and financial inclusion for unbanked populations. As digital currencies gain popularity, they challenge traditional financial systems and prompt discussions about regulatory frameworks.