Money Box Money Box Live: Understanding Crypto
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Oct 21, 2025 Kate Baucherel, a digital strategy consultant, and Louise Abbott, a partner focusing on fraud and crypto law, delve deep into the world of cryptocurrencies. They explain how blockchain works and discuss the regulatory landscape shifts coming from the FCA. The duo highlights the alarming rise of crypto scams and provides crucial advice on avoiding them. They also touch on the environmental impact of cryptocurrencies and the importance of acting quickly when funds are stolen. With insights on investing and recovery, they shed light on the future of digital assets.
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Blockchain Enables Trust Without Banks
- Bitcoin pioneered a tamper-proof public ledger (the blockchain) that records value transfers without banks.
- That transparent ledger enables digital money that anyone can verify, changing how transactions are recorded.
Use Regulated Exchanges And Respect Risk
- Use regulated exchanges like Coinbase to convert pounds into cryptocurrencies and back again.
- Treat crypto as high-risk and expect platform checks; don't invest if you can't pass their suitability questions.
Stablecoins Bridge Volatility For Payments
- Volatility prevents many cryptocurrencies from functioning as everyday currencies.
- Stablecoins aim to fix that by pegging to fiat, enabling large payment volumes and faster transfers.