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
- Bank of England
- Blockchain Governance Initiative Network (BGIN)
- Central bank digital currency (CBDC))
- Centralised finance (CeFi)
- Cryptocurrency mining
- Decentralised finance (DeFi)
- Digital currency
- Fiat currency
- Financial Policy Committee
- Gold standard
- HM Treasury (HMT)
- Non-fungible token