Cryptocurrencies are unregulated in the UK. Cryptocurrency profits may be subject to Capital Gains Tax. The value of investments is variable and can go down as well as up.
Amp is a multi-platform insurance token designed to protect transfers while they’re processed by the blockchain. It achieves this through the use of shared collateral pools.
As blockchain transfers can take anywhere from a few seconds to a full day (depending on the network and how much congestion it’s experiencing), Amp offers users protection against price volatility while the transaction is being processed. The collateralised system also means that assets can be used by recipients instantly without having to wait for network confirmation. Amp can be used to source collateral for real world asset transfers too.
AMP is the token used in the Amp collateral pools. People contributing AMP tokens receive more AMP as a reward, but their tokens can be liquidated in the case of a failed transaction. People using the collateral pay 1% transaction fees which are used to buy AMP on market and distribute it to those staking their tokens.
CoinJar’s digital currency exchange services are operated by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
Like all investments, cryptoassets carry risk. Due to the potential volatility of the cryptoasset markets, the value of your investments may fall significantly and lead to total loss. Cryptoassets are complex and are unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.
CoinJar Card is a prepaid Mastercard® issued by EML Money DAC pursuant to licence by Mastercard International Inc. The e-money associated with your card is issued by EML Money DAC, authorised by the Central Bank of Ireland under the European Union (Payment Services) Regulations 2018 (Ref C95957). We recommend you consider the CoinJar Card Terms and Conditions before making any decision to acquire the product. Mastercard the circles design are registered trademarks of Mastercard International Incorporated.
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