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Ant coin, A digital currency is an unregulated, digital currency that is typically issued and managed by developers and accepted and used by members of a specific virtual community. The European Banking Authority defines virtual currency as a digital representation of value that is not issued by a central bank or authority and is not pegged to a fiat currency, but because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded electronically