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A cryptoasset is a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored, or traded electronically (<a href="https://www.gov.uk/government/publications/economic-crime-and-corporate-transparency-act-2023-factsheets#:~:text=Cryptoasset%3A%20A%20cryptographically%20secured%20digital,%2C%20stored%2C%20or%20traded%20electronically" target="_blank" rel="nofollow noopener noreferrer">Gov.uk, 2024</a>).

We use the term ‘cryptoasset(s)’ as an umbrella term when referring to any or all of the following:

- Cryptocurrency
- NFTs (non-fungible-tokens) and other tokens 
- Digital/blockchain assets

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CoverCrypto | A 'cryptoasset' is our umbrella term for cryptocurrencies, tokens, NFTs and other blockchain-based assets

🪙 What is a cryptoasset?

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