What is Internet Computer
Internet Computer, developed by the DFINITY Foundation and launched in 2021, pursues an ambitious goal: hosting entire websites and applications directly on the blockchain, without relying on traditional cloud servers.
At launch it generated huge anticipation for its technology, but the ICP token's price has fallen sharply from its all-time high — a case often cited as an example of the gap between initial expectations and actual adoption in the crypto sector.
Frequently asked questions
Is Internet Computer regulated in the UK?
The UK has its own evolving regime for cryptoasset regulation, separate from the EU's MiCA framework. Crypto exchanges and custodians must register with the FCA for anti-money laundering purposes, but this doesn't equate to the investor protections that regulated financial instruments like ETFs and shares carry.
What's the difference between buying Internet Computer on an exchange versus via an ETP?
On an exchange you hold the keys directly (or the exchange custodies them for you); an ETP (Exchange Traded Product) is instead a listed financial instrument that tracks the price, purchasable through the same broker account you'd use for ETFs and shares.
How is Internet Computer taxed in the UK?
Gains from cryptocurrencies in the UK are generally subject to Capital Gains Tax, with specific rules that differ from those for ETFs and shares held in an ISA — this is an evolving area, so check the latest HMRC guidance or speak to a tax adviser for your situation.
