FAQ?
What is cryptocurrency and how can you invest in it?
What is cryptocurrency? Cryptocurrencies are digital money that is not issued by a bank. You can trade and invest these currencies like any other - and there are virtually no barriers to entry. The absence of regulation means the market can go up incredibly fast.
What are the risks associated with the cryptocurrency market?
US regulators have issued their first ever joint warning to banks over the risks associated with the cryptocurrency market. The watchdogs told financial institutions to be wary of potential fraud, legal uncertainty and misleading disclosures by digital asset firms. Banks were also cautioned over the "contagion risk" from the sector.
How many people hold cryptocurrency in the UK?
Figures from the UK's financial watchdog show that hundreds of thousands of people in the UK hold these digital currencies. But since the start of May, the market reached its highest-ever level and lost more than £1tn just a few weeks later. With something this volatile, when you win, you win big. When you lose, you hit rock bottom.
What are the most popular cryptocurrencies?
Litecoin, Bitcoin and Ripple are some of today's most popular cryptocurrencies Nowadays, it's common for people to use either cash, or what's known as a debit card - which allows people to spend money they already have in their bank account - to make purchases. When someone buys an item in a shop using a bank card, a chain of processes take place.
