Cryptocurrencies
Increasingly, cryptocurrencies have been making the headlines as an alternative to the fiat money system that’s been in place since taking over from gold.
After the banking crisis in 2008/2009 too much credibility was lost as more people became aware of the fragility of the global money system. As a decentralised alternative that offers ‘scarcity’ and an ‘easy mode of exchange (all you need it a digital wallet) cryptocurrencies appear to be a beacon of the future.
But the exact shape of how the future digital landscape will be is uncertain. Banks and governments are busy establishing their own forms of digital currencies which may, in time, replace the digital cryptocurrencies such as Bitcoin.
Are Bitcoin ETFs a Good Idea?
A bitcoin exchange-traded fund (ETF) gets exposure to Bitcoin via traditional stock markets, without needing to directly buy or sell the digital asset on a cryptocurrency exchange. So rather than going down a dicey unregulated route exposure is now available via a...
Do You Have to Pay Taxes on Cryptocurrency?
Do you have to pay taxes on cryptocurrency UK? Yes, you do. If you reside in the UK and hold cryptoassets they will be taxed if you make a profit (or gain) with the holding. The tax is Capital Gains Tax (CGT), meaning you pay tax on the difference between what your...
Crypto Young Investor Warning and Regulatory Help from FCA
Will The FCA’s Campaign to Warn ‘Younger Investors’ of Cryptos and other high risk assets work? Possibly, but it may be too little far too late. It’s been reported that the FCA is to spend £11Million pounds on an advertising campaign to warn younger people of the...
Crypto Asset Taxation
You’d be foolish to think you’ll escape crypto asset taxation unless you were a very earlier adopter that was set up in a foreign place. But the reality is that you’re not, are you? Instead, you’re shuffling about with a new worry in your mind. Is there any escaping...
Crypto Asset Regulation – Basel Capital Requirements
At last there's a joined up global initiative following closely on the tax capture of cryptoassets. It's been on the cards for some time, let's be honest. The Basel committee met up this week and shared some stories about looted gold and the like. How can we regulate...
G Triple 9 or 999?
Have you heard about it? Is it the next big thing? Are you going to miss out? Do you want to get in early? So there I was on an early summer evening at one of my children's sports activities, I told the coach, "No no I don't want to be on the WhatsApp group because of...
Buying the Dips in Bitcoin?
There are some legends out there and far more 'scaredy cats.' Scared of risk, scared of losing, scared of being wrong, scared of the unknown, scared of their own shadows. But back to legends. He's the controlling party of Icahn enterprises, the diversified...
GoldMan Sachs Bitcoin Trading with Cumberland DRW LCC
It's no secret that by offering and conducting trading in non-deliverable forwards (for speculation) Goldman Sachs are turning to ripe 'money making' opportunities connected to BITCOIN. As a hedge Goldies use futures contracts offered by the Chicago Mercantile...
Are Cryptocurrencies an Investment?
Are Cryptocurrencies an Investment? Do you feel like you've missed out on a once in a lifetime opportunity? Or are you 'sitting pretty' with your bitcoin wallet and enjoying the meteoric rise of the digital cash, or dare I say it - assets? To appease both camps (the...