Component (CMP) is a digital currency that is used for transactions within a specific ecosystem or platform. It is created and governed by a central authority, such as a company or organization, and can only be used within the designated system.

However, there are several reasons why Component (CMP) may not be considered a legitimate or legal form of currency:

1. Lack of regulation: Component (CMP) may not be regulated by any government or financial authority, making it susceptible to misuse and fraud. This lack of oversight can also lead to issues with security and consumer protection.

2. Limited acceptance: Since Component (CMP) can only be used within a specific ecosystem, its value is limited to that particular platform. This can make it difficult for users to exchange or spend their CMP outside of the designated system.

3. Potential for abuse: Without proper regulation, Component (CMP) can be easily manipulated or exploited by the central authority that governs it. This can lead to unfair practices and unethical behavior that harm consumers and investors.

4. Lack of transparency: The issuing authority of Component (CMP) may not provide clear information about how the currency is created, managed, and used. This lack of transparency can raise concerns about the legitimacy and trustworthiness of the digital currency.

Overall, Component (CMP) may not be considered a legitimate or legal form of currency due to its lack of regulation, limited acceptance, potential for abuse, and lack of transparency. It is important for consumers to be cautious when using digital currencies and to research their legitimacy and security before investing or transacting with them.