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.
Mirror Protocol is a decentralised derivatives platform that allows for the creation and trading of synthetic versions of real-world assets through what’s known as Mirrored Assets. Users create markets by committing 150% of the value in collateral and the price is recalibrated every 30 seconds using decentralised oracles (currently performed by Band Protocol).
MIR is the protocol’s governance token, giving holders the ability to vote on changes to the protocol and the development of the project. It can be earned by staking MIR tokens, as well as providing collateral to liquidity pools.
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Cryptoassets carry high 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.
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