• There is little encryption that happens in official digital currency and no special cybersecurity measures. Anyone with a regular online bank account, for instance, can store and use digital currencies.
• While it is true that some of the crypto wallets have been hacked, generally the degree of cyber protective measures taken beforehand are more in the case of cryptocurrencies.
• Digital currency does not require encryption, but users need to secure their digital wallets (banking apps) with strong passwords to minimise the risk of theft or hacking. However, Cryptocurrency is protected by strong encryption.
• Details of digital currency transactions are only available to the sender, receiver and banking authorities. All cryptocurrency transaction details are in the public domain by virtue of a decentralised ledger.

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