Did you catch our poll on Tuesday?
We asked, ‘Which is the most reported type of cryptocurrency scam in the UK?’ 46% of you correctly identified that it’s ‘investment scams’ ✔️
So, what is Cryptocurrency vs Cryptoassets 🔍
You may have heard both terms but not known they are different – understanding the difference could protect you from fraud.
Cryptocurrency is often what people think of when hearing both terms and refers to digital currencies like Bitcoin, Ethereum, Tether and others. These are digital currencies designed to work as money – think of them as digital cash that exists only online.
Cryptoassets is a broader category that includes cryptocurrencies plus other digital assets. This includes digital tokens that represent ownership in a company, access to a service, or even a piece of digital art (NFTs). Essentially, if it’s digital, secured using codes called cryptography, and has value – it’s a cryptoasset.
The crypto world can be legitimate, but it’s also a Read More