Conduct Committee and Cryptocurrency: Difference between pages

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''Financial Reporting Council''.
A cryptocurrency is a virtual digital currency based on cryptography and peer-to-peer networking, for example Bitcoin.


The Conduct Committee is responsible for the Financial Reporting Council's Conduct Division, which oversees and promotes high quality corporate reporting including:
#Monitoring supervisory and qualifying bodies.
#Professional discipline.
#Regulation of accountants and actuaries.


Sometimes known as 'crypto-assets', also written ''cryptoassets''.


Previously the Professional Oversight Board.
Regulators and some commentators prefer these terms, as a reminder that cryptoassets are not currencies in the traditional sense.
 
 
:<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 ==
* [[Financial Reporting Council]]
* [[Altcoin]]
* [[Bank of England]]
* [[Bitcoin]]
* [[Blockchain]]
* [[Blockchain Governance Initiative Network]]  (BGIN)
* [[Central bank digital currency]]  (CBDC))
* [[Centralised finance]]  (CeFi)
* [[Cryptoassets]]
* [[Cryptocurrency mining]]
* [[Cryptography]]
* [[Currency]]
* [[Decentralised finance]]  (DeFi)
* [[Digital currency]]
* [[Ether]]
* [[Fiat currency]]
* [[Financial Policy Committee]]
* [[Gold standard]]
* [[HM Treasury]]  (HMT)
* [[Libra]]
* [[Money]]
* [[Non-fungible token]]
* [[Regulation]]
* [[Ripple]]
 
 
==External link==
[https://www.bankofengland.co.uk/research/digital-currencies Central bank digital currencies - Bank of England]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Cash_management]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Revision as of 20:20, 15 July 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


External link

Central bank digital currencies - Bank of England