imported>Doug Williamson |
imported>Doug Williamson |
| Line 1: |
Line 1: |
| A cryptocurrency is a virtual digital currency based on cryptography and peer-to-peer networking, for example Bitcoin.
| | ''Financial reporting and regulation.'' |
|
| |
|
| | (PFI). |
|
| |
|
| Sometimes known as 'crypto-assets', also written ''cryptoassets''.
| | For regulatory purposes, the definition of PFI includes the forward-looking equivalent of any financial information that might subsequently be prepared as historical reported information, particularly in relation to profits. |
|
| |
|
| Regulators and some commentators prefer these terms, as a reminder that cryptoassets are not currencies in the traditional sense.
| | However, PFI is not limited to any specific reports or formats. |
|
| |
|
| | | Nor is PFI limited to information about profits, even though profits are the focus of many regulatory requirements. |
| :<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]] | | * [[Financial]] |
| * [[Bank of England]]
| | *[[Financial reporting]] |
| * [[Bitcoin]]
| | *[[Regulation]] |
| * [[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:Cash_management]] | | [[Category:Accounting,_tax_and_regulation]] |
Financial reporting and regulation.
(PFI).
For regulatory purposes, the definition of PFI includes the forward-looking equivalent of any financial information that might subsequently be prepared as historical reported information, particularly in relation to profits.
However, PFI is not limited to any specific reports or formats.
Nor is PFI limited to information about profits, even though profits are the focus of many regulatory requirements.
See also
