Is cryptocurrency a digital currency or a virtual currency?

Inquiring minds want to know: is cryptocurrency truly a digital currency, or is it merely a virtual currency? The distinction seems subtle but may have significant implications for its legal status, regulatory oversight, and potential uses. On the surface, cryptocurrency appears to be a digital representation of value, stored and transferred electronically. However, does this digital nature alone qualify it as a true digital currency, or does it remain in the realm of virtual currencies, existing primarily within digital environments? The answer to this question could help shape the future of cryptocurrency and its integration into mainstream financial systems.