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Crypto Asset

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What is a crypto asset? | Request

A crypto asset and a cryptocurrency have the same definition accounting-wise. Either it emphasizes on the cryptographic asset or the cryptographic currency. In both cases, those are digital assets, not physical ones, and they stand on the asset part of the balance sheet. It’s sometimes challenging to clearly define in which category of assets they stand. We need to understand more.

Examples of crypto assets (cryptocurrencies) are bitcoin and ethereum. While examples of digital currencies are Paypal or virtual game money.

A crypto asset (cryptocurrency) is part of digital currencies (all electronic money). Digital currencies are intangible e-money, sometimes regulated, sometimes unregulated.

The biggest common point is the use of blockchain technology.

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