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Blockchain and cryptoassets articles

Read our latest features and articles on blockchain.

Displaying 1-50 of 82 results
TAX NEWS EU Council reaches agreement on exchange of information for crypto assets and advance tax rulings for high-net-worth individuals
  • 26 May 2023
  • ICAEW
The unanimous agreement paves the way for greater co-operation between member states to reduce opportunities for tax avoidance and tax fraud using crypto assets, by amending the directive on administrative co-operation in the area of taxation (DAC).
INSIGHTS VIEWPOINT SEC Commissioner: IFRS cannot lose sight of core role
  • 18 May 2023
  • ICAEW Insights
In his only UK speech during his visit last week, the US Securities and Exchange Commission’s Mark T Uyeda stressed the importance of a focus on accounting standards in his keynote address at Chartered Accountants’ Hall.
INSIGHTS VIEWPOINT Digital currencies: to programme or not to programme?
  • 17 May 2023
  • ICAEW Insights
As cryptocurrencies and blockchain technology continue to make waves in the financial services sector, central banks have begun to explore the idea of digital currencies.
Exclusive Regulatory update February 2023
  • 28 Mar 2023
The following is a list of some regulatory publications or announcements from February 2023 affecting UK financial services. 
INSIGHTS VIEWPOINT Treasury and Bank of England release digital pound proposals
  • 16 Feb 2023
  • ICAEW Insights
A consultation examines the assessment case for a central bank digital currency, which could have profound implications for consumers, businesses, banks and payment providers within the UK.
INSIGHTS VIEWPOINT Treasury sets out plans to regulate crypto
  • 01 Feb 2023
  • ICAEW Insights
ICAEW welcomes government plans to regulate crypto asset activities as an open consultation is launched seeking views on improving market integrity and consumer protection.
INSIGHTS VIEWPOINT How cyber secure is blockchain technology?
  • 27 Oct 2022
  • ICAEW Insights
Ask about blockchain technology and you will most likely hear of its security benefits, particularly in creating tamper-proof and immutable records. But how secure is it? ICAEW’s Head of Tech Policy, Esther Mallowah, explores the question of blockchain security.
TAX NEWS ICAEW calls for UK crypto asset tax reform
  • 20 Sep 2022
  • ICAEW
ICAEW highlights the difficulties taxpayers face in applying the current tax regime to crypto asset activity. It makes the case for a brand-new set of rules to apply in this area.
INSIGHTS VIEWPOINT How do we audit cryptocurrency?
  • 12 Sep 2022
  • ICAEW Insights
Cryptocurrencies are still a bit of an unknown entity when it comes to audit and assurance. What considerations do auditors need to take on board?
INSIGHTS VIEWPOINT How can blockchain technology build trust?
  • 19 Aug 2022
  • ICAEW Insights
Usually associated with cryptocurrency transactions, blockchain has a wealth of potential for many business activities, particularly in building trust. So why aren’t firms adopting it more?
INSIGHTS VIEWPOINT ICAEW regulatory round-up: July 2022
  • 27 Jul 2022
  • ICAEW Insights
This month’s update includes further information on upcoming changes to the disciplinary framework and the latest guidance on Russian sanctions. We speak to a small independent practice about how they’re using our latest training film All Too Familiar and invite you to a crypto assets webinar.
Exclusive Increasing regulatory focus on prudential treatment of cryptoassets
  • 25 Jul 2022
  • Michelle Adcock, banking sector lead and Bronwyn Allan, assistant manager, KPMG Regulatory Insight Centre
Michelle Adcock, banking sector lead and Bronwyn Allan, assistant manager, KPMG Regulatory Insight Centre look at how crypto regulation is developing.
Exclusive Could a crypto crisis progress digital payments?
  • 21 Jul 2022
  •  Billy Bambrough for the ICAEW Financial Services Faculty.
Volatility in the crypto market and regulatory developments could advance payment technology, writes Billy Bambrough for the ICAEW Financial Services Faculty.
INSIGHTS VIEWPOINT The outlook for crypto in a jittery market
  • 13 Jul 2022
  • ICAEW Insights
What do recent crashes to the cryptocurrency market mean for the future of crypto assets? Ross Thompson, Accountancy and Finance Lecturer at Arden University reports.
TAX NEWS HMRC consults on taxation of lending and staking of cryptoassets
  • 12 Jul 2022
  • ICAEW
HMRC contemplates changes to the taxation of DeFi lending or staking so that the tax treatment reflects their economic substance.
INSIGHTS VIEWPOINT Should accountants worry about cryptocurrencies?
  • 04 Apr 2022
  • ICAEW Insights
Cryptocurrencies are on the rise – but are they friends or foes for accountants? We present complementary views from business and scholarly perspectives.
TAX NEWS OECD consults on exchanging information about crypto assets
  • 01 Apr 2022
  • ICAEW
The OECD released a public consultation document looking at two areas to improve the automatic exchange of financial account information between the tax authorities of different jurisdictions.
Exclusive Regulating the unregulated: How the FCA plans to clamp down on cryptocurrency advertising
  • 18 Feb 2022
  • Financial Services Faculty
The FCA has found a way to control how cryptocurrencies reach consumers.
Exclusive Cryptocurrency and taxation
  • 09 Dec 2021
  • ICAEW
The increased interest in Cryptocurrency raises many interesting tax issues for professional and amateur investors investing in cryptocurrency and cryptocurrency entrepreneurs creating new crypto businesses. This article outlines the significant tax issues a tax professional may encounter in relation to cryptocurrency.
INSIGHTS VIEWPOINT Countries looking to ban cryptocurrencies may play into the hands of Bitcoin
  • 06 Dec 2021
  • ICAEW Insights
Fintech academic and chartered accountant Gavin Brown examines nation states’ love-hate relationship with cryptocurrencies and outlines how attempts to control them may drive citizens into the arms of such decentralised currencies.
Exclusive Choosing the best cloud accounting apps for your business
  • 03 Dec 2021
  • Brian Cantwell
  • Chartech
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.
Exclusive The implications of digital assets for the accountancy profession
  • 02 Dec 2021
  • Audit and Assurance Faculty
  • Audit and Beyond
Accountants are increasingly encountering cryptocurrency and other cryptoassets, and ICAEW is supporting them on this, says Lesley Meall.
TAX NEWS UK cryptocurrency owners nudged on CGT
  • 08 Nov 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
  • 30 Sep 2021
  • David Lyford-Tilley
  • Chartech
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.
Exclusive Bitcoin the financial reporting challenge for investors
  • 07 Jul 2021
  • Steve Cooper
  • By All Accounts
Why the accounting for cryptocurriencies isn't helping investors and is it time for standard-setters to act?
Exclusive Crypto investor brands most NFTs worthless after bubble begins to deflate
  • 18 Jun 2021
  • Billy Bambrough
  • FS Focus
Bitcoin and cryptocurrency prices have been on a roller coaster over recent months, surging to never-before-seen highs before crashing back.
INSIGHTS VIEWPOINT Cryptocurrency: accountants look beyond the horizon
  • 10 Jun 2021
  • Gavin Brown
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.
Exclusive Is crypto now inevitable
  • 24 May 2021
  • Billy Bambrough
  • FS Focus
Bitcoin has drawn mainstream financial interest, but will it establish itself as a legitimate asset class, asks Billy Bambrough.
INSIGHTS VIEWPOINT What happened to Tesla’s bitcoin billions?
  • 30 Apr 2021
  • Gavin Brown
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.
Exclusive Blockchain trends
  • 03 Mar 2021
  • Alexis Nicolau
  • Audit and Beyond
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.
Exclusive Can bitcoin make it as a mass-market digital payment
  • 21 Jan 2021
  • Billy Bambrough
  • FS Focus
Writing for the Financial Services Faculty, journalist Billy Bambrough examines the case for bitcoin as a major payment provider.
INSIGHTS VIEWPOINT Don’t bank on bitcoin for payments yet
  • 13 Jan 2021
  • Billy Bambrough
14 January 2021: Writing for the Technology and Financial Services Faculties, journalist Billy Bambrough examines the case for bitcoin as a major payment provider.
Exclusive Blockchain moves into the mainstream
  • 02 Dec 2020
  • Lesley Meall
  • Chartech
Blockchain often tops the rankings of website faculty hits, so what’s going on? Lesley Meall explores some recent developments, trends and challenges.
INSIGHTS VIEWPOINT Digital currencies: the battle to challenge the dollar
  • 19 Nov 2020
  • Gavin Brown
20 November 2020: In these challenging times, all bets are off when it comes to the structure of our post-COVID economies.
Rishi Sunak’s financial services ‘green future’ explained
  • 13 Nov 2020
16 November 2020: The Chancellor has set out the government’s plans to make the UK a world-leader in green finance and financial technology.
INSIGHTS VIEWPOINT Blockchain: count every vote? Yes you can!
  • 06 Nov 2020
  • Gavin Brown
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
  • 29 Oct 2020
  • Stephen Lynch
30 October 2020: Cryptocurrencies represent the real-world implementation of Nobel Prize-winning economist Friedrich Hayek’s thesis for monetary systems, writes Stephen Lynch.
Blockchain: accountants must evolve and get with the programme
  • 30 Jun 2020
  • Alexis Nicolaou
ICAEW member Alexis Nicolaou says blockchain is forcing accountants to evolve, get clued up and jump on board with the fourth industrial revolution.
INSIGHTS VIEWPOINT How new digital currencies can help fight COVID-19
  • 10 Jun 2020
  • Gavin Brown
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?
Exclusive Getting to grip with the growth of cryptocurrency
  • 03 Feb 2020
  • David Lyford-Smith
  • Audit and Beyond
The growing popularity of cryptocurrencies means auditors need new skills and knowledge in that area, says David Lyford-Smith.
Technical update - December 2019
  • 04 Dec 2019
  • PDF (53kb)
  • Business and Management Faculty
  • Business and Management
Our regular round up of legal and regulatory changes
Exclusive Tiptoeing through cryptocurrency
  • 02 Dec 2019
  • Suchitra Nair
  • FS Focus
Following FCA guidance, firms must tread carefully when dealing in crypto-assets, says Suchitra Nair
Exclusive The future of digital currency
  • 02 Dec 2019
  • Rob Haynes
  • FS Focus
Rob Haynes takes a look at what is in the stars for emerging cryptocurrencies such as Libra, and considers the finance industry
Exclusive The rise of the cashless society
  • 08 Oct 2019
  • Leo Waldock
  • Chartech
Facebook has entered the digital currency game, but the alarm bells are ringing, writes Leo Waldock.
Exclusive New kids on the blockchain
  • 08 Oct 2019
  • Jessica Pillow
  • Chartech
Business owners spend a lot of time eyeing new technologies to ensure their practices don’t get left behind.
Exclusive Exploring cryptocurrency Facebook’s Libra
  • 23 Sep 2019
  • Philippa Kelly
  • FS Focus
Philippa Kelly explores Facebook’s planned foray into financial services and examines five things we don’t know about Libra
Exclusive The uncertainties surrounding cryptocurrency
  • 24 Jul 2019
  • John Mongelard
  • FS Focus
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
Exclusive Building the future
  • 30 Jun 2019
  • Thomas Toomse-Smith
  • By All Accounts
Thomas Toomse-Smith examines how technology could evolve the annual report.
Exclusive World of opportunity – Sue Almond on how audit is changing
  • 28 Mar 2019
  • Nigel Sleigh-Johnson
  • Audit and Beyond
Nigel Sleigh-Johnson gets a global perspective on how audit is changing from Sue Almond, head of assurance at Grant Thornton International.
Exclusive Igor Pejic: Blockchain expert
  • 08 Mar 2019
  • Chris Evans
  • FS Focus
Blockchain expert Igor Pejic talks to journalist Chris Evans about blockchain and how the back-office technology could transform financial services
Displaying 1-50 of 82 results