It’s probably fair to say that most governments don’t want to block innovative progress at the possible risk of too much regulation. Cryptocurrencies are a type of digital asset modeled to be a medium of exchange. However, The United States, Japan, Canada, India, and just about every European country, the United Kingdom, as well as the rest of the world have, years ago, categorically classified digital currencies. Money Are Crytocurrencies Real Money? When you purchase bitcoin from one of our bitcoin ATMs, the bitcoin has to be sent to you on the Bitcoin network called the blockchain.