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Digital currency

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Possible Answers:

BITCOIN.

Last seen on: L.A. Times Daily Crossword – Nov 29 2022

Random information on the term “Digital currency”:

Hong Kong (/ˈhɒŋkɒŋ/ (US) or /hɒŋˈkɒŋ/ (UK); Chinese: 香港, Cantonese: [hœ́ːŋ.kɔ̌ːŋ] (listen)), officially the Hong Kong Special Administrative Region of the People’s Republic of China (abbr. Hong Kong SAR or HKSAR),[d] is a city and special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities[e] in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world.

Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin’an County at the end of the First Opium War in 1841 then again in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resumed after the surrender of Japan.[21] The whole territory was transferred to China in 1997.[22] As one of China’s two special administrative regions (the other being Macau), Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.[23][f]

Digital currency on Wikipedia

Random information on the term “BITCOIN”:

A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as supplementing or complementing national currencies.: 3 : 2  Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. According to Jérôme Blanc of Laboratoire d’Économie de la Firme et des Institutions, complementary currencies aim to protect, stimulate or orientate the economy.: 7  They may also be used to advance particular social, environmental, or political goals.: 4 

When speaking about complementary currencies, a number of overlapping and often interchangeable terms are in use: local or community currencies are complementary currencies used within a locality or other form of community (such as business-based or online communities); regional currencies are similar to local currencies, but are used within a larger geographical region; and sectoral currencies are complementary currencies used within a single economic sector, such as education or health care. Many private currencies are complementary currencies issued by private businesses or organizations. Other terms include alternative currency, auxiliary currency, and microcurrency. Mutual credit is a form of alternative currency, and thus any form of lending that does not go through the banking system can be considered a form of alternative currency. Barters are another type of alternative currency. These are actually exchange systems, which trade only items, without the use of any currency whatsoever. Finally, LETS is a special form of barter that trades points for items. One point stands for one worker-hour of work, and is thus a Time-based currency.

BITCOIN on Wikipedia

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