The future of cryptocurrency – Lexology

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The future of cryptocurrency

2019 demonstrated that there is clearly agrowing appetite for cryptocurrencieswith Bitcoin reaching $1bn in cumulative transaction fees on its eleventh anniversary as the worlds first cryptocurrency.

Facebooks newly announced virtual currency Libra has caused a storm of inquiries and concern amongst regulators globally. Its important to understandthe challenges posed by this audacious new digital currency. Will this bethe currency of the future or could it be considered a modern day cartel?

What are the tax implications of cryptocurrencies? Find out what tax authorities in theUSAand theUKare saying.

There is no doubt that cryptocurrencies will continue to develop and grow in 2020, but this will bring more uncertainty for regulators and for businesses worldwide.

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The future of cryptocurrency - Lexology

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