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Blockchain and cryptoassets articles

Read our latest features and articles on blockchain and cryptoassets such as cryptocurrencies and Non-Fungible Tokens (NFTs).

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Regulating the unregulated: How the FCA plans to clamp down on cryptocurrency advertising

The FCA has found a way to control how cryptocurrencies reach consumers.

Choosing the best cloud accounting apps for your business

Many apps are now accessible through the cloud for accountancy businesses and individual practitioners, but what makes them click? Brian Cantwell explores the right tools for the job.

The implications of digital assets for the accountancy profession

Accountants are increasingly encountering cryptocurrency and other cryptoassets, and ICAEW is supporting them on this, says Lesley Meall.

UK cryptocurrency owners nudged on CGT

08-11-2021

HMRC has sent letters encouraging holders of cryptoassets, such as Bitcoin, to consider their capital gains tax position, but stops short of sending them to non-UK domiciled individuals.

Cryptoassets and auditing

David Lyford-Tilley Chartech 30-09-2021

While cryptoassets are growing in popularity, there is a lack of specific guidance on dealing with the issues around them, including over-reliance on blockchains, ownership of cryptowallets and even criminal dealing.

Bitcoin the financial reporting challenge for investors

Why the accounting for cryptocurriencies isn't helping investors and is it time for standard-setters to act?

Crypto investor brands most NFTs worthless after bubble begins to deflate

Bitcoin and cryptocurrency prices have been on a roller coaster over recent months, surging to never-before-seen highs before crashing back.

Cryptocurrency: accountants look beyond the horizon

Gavin Brown 10-06-2021

Fintech academic and chartered accountant Gavin Brown examines the advancements of the volatile crypto market and outlines what may lie in wait for accountants managing such decentralised currencies.

Is crypto now inevitable

Bitcoin has drawn mainstream financial interest, but will it establish itself as a legitimate asset class, asks Billy Bambrough.

What happened to Tesla’s bitcoin billions?

Gavin Brown 30-04-2021

Fintech academic and chartered accountant Gavin Brown examines the impact of Tesla’s decision to hold bitcoin as a treasury asset on its balance sheet, both for the company itself and the wider cryptocurrency market.

Blockchain trends

Blockchain technology offers continuous, real-time accounting, makes fraud more difficult and will be a valuable tool for all stakeholders. Alexis Nicolau argues its importance for the audit profession and its future.

Can bitcoin make it as a mass-market digital payment

Writing for the Financial Services Faculty, journalist Billy Bambrough examines the case for bitcoin as a major payment provider.

Don’t bank on bitcoin for payments yet

Billy Bambrough 13-01-2021

14 January 2021: Writing for the Technology and Financial Services Faculties, journalist Billy Bambrough examines the case for bitcoin as a major payment provider.

Blockchain moves into the mainstream

Blockchain often tops the rankings of website faculty hits, so what’s going on? Lesley Meall explores some recent developments, trends and challenges.

Blockchain: count every vote? Yes you can!

Gavin Brown 06-11-2020

9 November 2020: In light of the ongoing US election controversy, fintech academic and chartered accountant Gavin Brown predicts the implementation of new blockchain-style voting methods, giving us incontestable results in hours rather than days or weeks.

How Hayek predicted Bitcoin and the rise of crypto

Stephen Lynch 29-10-2020

30 October 2020: Cryptocurrencies represent the real-world implementation of Nobel Prize-winning economist Friedrich Hayek’s thesis for monetary systems, writes Stephen Lynch.

How new digital currencies can help fight COVID-19

Gavin Brown 10-06-2020

11 June 2020: with the US Congress debating the use of Digital Dollars to help its ‘unbanked’ citizens through coronavirus, could we see Digital Pounds this side of the Atlantic?

Getting to grip with the growth of cryptocurrency

The growing popularity of cryptocurrencies means auditors need new skills and knowledge in that area, says David Lyford-Smith.

HMRC’s guidance on taxing cryptoassets

Michelle Robinson of Deloitte examines HMRC’s guidance for businesses that undertake transactions involving exchange tokens, including the scope of HMRC’s guidance, its approach to taxation of cryptoassets, company taxation, venture capital schemes and VAT, among other things.

Tiptoeing through cryptocurrency

Following FCA guidance, firms must tread carefully when dealing in crypto-assets, says Suchitra Nair

The future of digital currency

Rob Haynes takes a look at what is in the stars for emerging cryptocurrencies such as Libra, and considers the finance industry

The rise of the cashless society

Facebook has entered the digital currency game, but the alarm bells are ringing, writes Leo Waldock.

New kids on the blockchain

Business owners spend a lot of time eyeing new technologies to ensure their practices don’t get left behind.

Exploring cryptocurrency Facebook’s Libra

Philippa Kelly explores Facebook’s planned foray into financial services and examines five things we don’t know about Libra

Blockchain and cryptoassets in entertainment sport and media

In a world where technology is constantly evolving, many accountants may not be aware of the potential threats and opportunities this poses to their profession.

The uncertainties surrounding cryptocurrency

It has become a craze in recent years, yet, few understand the risks and opportunities that cryptocurrencies such as Bitcoin present. Here, John Mongelard provides a useful insight into cryptocurrency

Building the future

Thomas Toomse-Smith examines how technology could evolve the annual report.

World of opportunity – Sue Almond on how audit is changing

Nigel Sleigh-Johnson gets a global perspective on how audit is changing from Sue Almond, head of assurance at Grant Thornton International.

Defining cryptocurrency

Matthew Leitch Business and Management 08-03-2019

It is easy to be misled by words, especially in the conversation around cryptocurrency. Here, Matthew Leitch explains what certain terms mean, helping you avoid expensive consequences.

Igor Pejic: Blockchain expert

Blockchain expert Igor Pejic talks to journalist Chris Evans about blockchain and how the back-office technology could transform financial services

An exploration of crypto-assets

Ian Michael FS Focus 08-03-2019

Ian Michael, senior technical specialist at the Bank of England, explores crypto-assets in the context of two recent publications from the IFRS Interpretations Committee and the Basel Committee on Banking Supervision.

The dark side of financial innovation

Alison Miles FS Focus 08-03-2019

Financial innovation often promises to reduce costs and improve products and services, giving access to new customers and markets. But it also has a darker side.

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