Crypto asset

How it is used

Preferred in laws, tax rules, contracts and annual reports because it is neutral and covers more than money-like coins. EU texts write crypto-asset with a hyphen, as in MiCA, while US agencies often say digital asset. Common phrases: crypto asset service provider, hold crypto assets.

Example sentences

1. The new rules apply to every company that offers crypto asset services to customers in Turkey.

2. Our auditors asked how we value the crypto assets on our balance sheet.

Common collocations

• crypto asset service provider
• hold crypto assets
• crypto asset holdings
• crypto asset regulation

Related terms

• cryptocurrencyDigital money that exists only on a blockchain and is protected by cryptography instead of being issued by a central bank. Bitcoin was the first one.
• tokenA digital asset created on top of an existing blockchain, usually by a smart contract, rather than on its own network. Tokens can stand for money, voting rights, access to a service or a unique item.
• stablecoinA crypto token designed to keep a steady price, usually one US dollar, backed by cash and bonds, by other crypto or by an algorithm. It is used for payments, trading and moving money between platforms.
• MiCAShort for Markets in Crypto-Assets, the EU regulation that sets common rules for issuing crypto assets and stablecoins and for crypto service providers, including their licensing.
• KYCShort for know your customer: the checks a regulated company carries out to confirm who its customers are, usually by collecting an ID document, a selfie and an address.

More terms: Regulation, Security & Risk

• AML
• rug pull
• phishing
• 51% attack
• exploit
• pump and dump
• travel rule