cryptohunter
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Regulatory bodies grant approval to EMIs, enabling them to generate digital currency by obtaining funds from customers, primarily through bank transfers. Once the funds are received, Digital Currency Entities produce digital equivalents of the currency, which are then stored in customers' digital wallets. This form of digital currency can be utilized for a variety of transactions, such as online acquisitions and payments. It is crucial for EMIs to comply with regulatory guidelines, as they guarantee the safety and transparency of the process of generating digital currency within the financial network.
