238 place 0

782 Are cryptoassets actually ‘money’ in the UK?

UK Tech News
Suzanne Morsfield @ UK Tech News 3 place · 05/05/2025 06:00 EDT

Are cryptoassets actually ‘money’ in the UK?

Some of the most common types of cryptoassets are often referred to as “cryptocurrencies” because, in a nutshell, they can be used to buy things. However, in many settings, they do not meet the definition of money, especially for tax or financial reporting purposes. In fact, in the UK, at present, they are never considered ...

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