Definition ∞ Cash transactions involve the exchange of physical currency for goods or services, representing a direct transfer of value without intermediaries. These transactions typically occur instantly and provide a high degree of anonymity. They contrast with digital transactions, which rely on electronic systems and often leave an auditable record.
Context ∞ In the context of digital assets, cash transactions often serve as an on-ramp or off-ramp for converting fiat currency to cryptocurrency and vice versa, particularly through crypto ATMs or peer-to-peer exchanges. Regulators scrutinize large cash transactions due to their potential for illicit activities, prompting discussions on how to apply similar oversight to digital asset conversions involving physical money.
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