How Cryptocurrency Operates
Distributed Ledgers, Crypto Features, Benefits, and Regulatory Risks
About This Course
Course Information
This CPD course is designed to develop your understanding of Cryptocurrency. We will introduce you to cryptocurrencies and Distributed Ledger Technology (DLT) which is the technology that provides the systems on which cryptocurrencies operate.
Certificate on Completion
This course is made up of videos, questions and additional reading materials, and accounts for 2 units of CPD. One unit is the equivalent of one hour of learning.
Course Sections
This course is made up of the following sections:
- How Cryptocurrency Operates – Part 1 (video)
- How Cryptocurrency Operates – Part 1 (quiz)
- How Cryptocurrency Operates – Part 2 (video)
- How Cryptocurrency Operates – Part 2 (quiz)
What You Will Learn
- Define what a cryptocurrency is and explain how it differs from traditional fiat currency
- Describe how distributed ledger systems replace centralised banking infrastructure for crypto transactions
- Identify the six features that define a cryptocurrency system, including absence of central authority and cryptographic proof of ownership
- Evaluate the benefits of cryptocurrencies, such as reduced currency risk and lower transaction fees
- Explain the regulatory positions on cryptocurrency in jurisdictions including the UK, US, Japan, and China
- Recognise the risks associated with crypto assets, including anonymity, tax evasion, and use on dark web platforms
Who This Course Is For
- Accountants who encounter clients holding or transacting in cryptocurrency and need to understand how crypto systems function
- Finance professionals who need to understand how different jurisdictions regulate digital assets
- Audit or compliance staff responsible for assessing risks tied to crypto-related transactions
Prerequisites
- No prior cryptocurrency knowledge is assumed, though familiarity with basic blockchain concepts is helpful
- The Learnsignal course 'Understanding Cryptocurrency' covers blockchain foundations and pairs well with this course
Frequently Asked Questions
Course Details
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