In January 2020, only 4% of Brits had personally invested in cryptocurrency. By August 2022, this figure had risen to just over 10%, according to YouGov. It’s clear from this that cryptocurrency usage is only in its infancy, but its potential continues to dominate headlines. If you have invested in cryptocurrency, or even plan to
With a large number of cryptocurrencies on the market today, it’s unsurprising that choosing which to invest in can be overwhelming. The best place to start is by looking at the altcoins most often talked about by experts. It’s easy to see a trending cryptocurrency, and invest in it whilst it’s highly priced, but have
In the world of cryptocurrency, there’s no shortage of confusing, vague and sometimes contradictory guidelines. The same goes for cryptoasset licencing, so we’re here to set the record straight. In the UK, financial transactions with cryptocurrencies are regulated. This means all companies planning to provide crypto services in the UK must register with the Financial
When Bitcoin launched in 2009, the cryptocurrency trendsetter had little to no competition. Fast forward to over a decade later, and digital currency has captured the entire world, with more types of cryptocurrencies inspiring even more followers. While Bitcoin continues to lead the pack in terms of popularity, it’s essential to look at other virtual
The role of cryptocurrencies like bitcoin has been a topic of discussion during the Russian invasion of Ukraine, particularly due to the economic sanctions placed on Russia. Cryptocurrencies are also playing a role in helping Ukrainian refugees move money out of the country due to their ability to cross borders regardless of rules or regulations.
The cryptocurrency market has developed at a rapid pace over the last few years. For consumers, cryptocurrencies can offer a cheaper and faster peer-to-peer payment option compared with traditional money services, as well as enhanced privacy and protection. As these currencies continue to gain momentum and investors generally appear confident about the opportunities associated with
2021 was a big year for cryptocurrency, skyrocketing investors’ interests and discussions in popular culture. But what’s next? The crypto industry is constantly evolving. While it’s impossible to predict precisely what will happen in the long term, we can follow current themes from regulation to the adoption of crypto payments to better understand the market.
Cryptocurrencies – particularly Bitcoin – have made it mainstream in recent years, making them almost impossible to ignore. Yet, a veil of mystery surrounds the subject, especially when it comes to crypto tax. Thankfully, HMRC was one of the world’s first tax offices to release clear guidance on cryptocurrency tax in the UK – and
Described by many economists as the ‘future of money’, cryptocurrencies are big news taking the world by storm. Spearheaded by Bitcoin, which launched in 2008 as the first-ever cryptocurrency, there are now thousands of these digital assets growing day by day. However, that doesn’t make it any easier to grasp. So, if you find yourself
One of the world’s largest cryptocurrency markets, China, has ruled that transactions of cryptocurrencies are illegal, banning all digital tokens such as Bitcoin and other major coins. According to a notice published on The People’s Bank of China’s website, it means crypto-related transactions will be considered illicit financial activities. While it may be illegal for