Cryptocurrency: Difference between revisions
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imported>Doug Williamson (Add quote - source - Bank of England - https://www.bankofengland.co.uk/research/digital-currencies) |
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A virtual digital currency based on cryptography and peer-to-peer networking, for example Bitcoin. | A cryptocurrency is a virtual digital currency based on cryptography and peer-to-peer networking, for example Bitcoin. | ||
Sometimes known as 'crypto-assets'. | Sometimes known as 'crypto-assets', also written ''cryptoassets''. | ||
:<span style="color:#4B0082">'''''Cryptocurrency, central bank digital currency (CBDC) & regulation'''''</span> | |||
:"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 == | == See also == | ||
* [[Altcoin]] | * [[Altcoin]] | ||
* [[Bank of England]] | |||
* [[Bitcoin]] | * [[Bitcoin]] | ||
* [[Blockchain]] | * [[Blockchain]] | ||
| Line 14: | Line 28: | ||
* [[Ether]] | * [[Ether]] | ||
* [[Fiat currency]] | * [[Fiat currency]] | ||
* [[Financial Policy Committee]] | |||
* [[Gold standard]] | * [[Gold standard]] | ||
* [[HM Treasury]] (HMT) | |||
* [[Libra]] | * [[Libra]] | ||
* [[Money]] | * [[Money]] | ||
* [[Non-fungible token]] | * [[Non-fungible token]] | ||
* [[Ripple]] | * [[Ripple]] | ||
===Other links=== | ===Other links=== | ||
[ | [https://www.bankofengland.co.uk/research/digital-currencies Central bank digital currencies - Bank of England] | ||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 01:55, 27 August 2021
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.
- 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
- Crypto-assets
- Cryptography
- Digital currency
- Ether
- Fiat currency
- Financial Policy Committee
- Gold standard
- HM Treasury (HMT)
- Libra
- Money
- Non-fungible token
- Ripple
