The Property (Digital Assets etc) Bill has just been introduced to the House of Lords. The Bill’s purpose is to clarify the legal status of digital assets as personal property.
Posts tagged “Cryptocurrency”
Cryptocurrency is digital money. It’s protected by technology called blockchain which safely stores information about your transactions.
Many people are interested in cryptocurrency because banks and governments don’t control it.
You can use cryptocurrency to buy some things online but it’s also a new way to invest and save for the future. Some think the value of cryptocurrencies will go up as more people use them.
There are almost 9,000 active cryptocurrencies. You’ve probably heard of ones like Bitcoin and Ethereum. They are popular because governments and banks don’t control them.
However, holding and managing cryptocurrency investments isn’t straightforward.