Cryptocurrency: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Expand definition.) |
imported>Doug Williamson (Add link.) |
||
| Line 27: | Line 27: | ||
* [[Central bank digital currency]] (CBDC)) | * [[Central bank digital currency]] (CBDC)) | ||
* [[Cryptoassets]] | * [[Cryptoassets]] | ||
* [[Cryptocurrency mining]] | |||
* [[Cryptography]] | * [[Cryptography]] | ||
* [[Currency]] | * [[Currency]] | ||
Revision as of 04:30, 26 March 2022
A cryptocurrency is a virtual digital currency based on cryptography and peer-to-peer networking, for example Bitcoin.
Sometimes known as 'crypto-assets', also written cryptoassets.
Regulators and some commentators prefer these terms, as a reminder that cryptoassets are not currencies in the traditional sense.
- Cryptocurrency, central bank digital currency (CBDC) & regulation
- "A CBDC would be fundamentally different to cryptocurrencies or cryptoassets.
- Cryptoassets combine new payments systems with new currencies that are not issued by a central bank...
- Our Financial Policy Committee has assessed cryptoassets and concluded that they do not currently pose a risk to monetary or financial stability in the UK. However, cryptoassets do pose risks to investors and anyone buying cryptoassets should be prepared to lose all their money...
- HMT’s proposed approach [is] for an overarching framework to bring crypto-assets into the scope of activities that are regulated – the ‘regulatory perimeter’."
- Bank of England - CBDC versus cryptocurrency
See also
- Altcoin
- Bank of England
- Bitcoin
- Blockchain
- Central bank digital currency (CBDC))
- Cryptoassets
- Cryptocurrency mining
- Cryptography
- Currency
- DeFi
- Digital currency
- Ether
- Fiat currency
- Financial Policy Committee
- Gold standard
- HM Treasury (HMT)
- Libra
- Money
- Non-fungible token
- Regulation
- Ripple
