A new consultation has been published jointly by HM Treasury and the Bank of England to consider the launch of a potential digital pound, or central bank digital currency (CBDC). The possible new digital pound has also been referred to as ‘digital sterling’ and ‘Britcoin’

There are a number of myths centred around the taxation of cryptoassets in the UK, one of these myths is that cryptoassets are viewed as a ‘winning’ similar to gambling or playing the lottery and so therefore they fall outside the scope of UK taxation, but this is not the case.