½Û×ÓÊÓƵ

Division C6.1ÌýÌýÌýÌý Cryptoassets

Cryptoassets

C6.101 Cryptoassets—overview

For the latest New Development, see ND.2636.

Cryptoassets (which might also be referred to as 'tokens' or 'cryptocurrency') are cryptographically secured digital representations of value or contractual rights¹.

Cryptoassets have been long embraced by the young, trendy and wealthy. Tiffany's collection of 250 'NFTiffs' cryptopunk physical and digital pendants sold out for a reported equivalent of USD $50,000 each, generating a staggering revenue for the company. An NFTiff is a right that the holder can use to obtain a physical custom jewel-incrusted pendant and a digital version of the pendant.

Despite the periodic downturns in cryptoasset performance, cryptoasset investment and transactions remain an attractive alternative to traditional finance and are becoming increasingly mainstream. For a glossary of key terms associated with cryptoassets, see C6.102. For the definition of cryptoassets and cryptoasset transactions, see C6.103–C6.104.

The Cryptoasset