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When keeping records of digital assets how should conversions be performed? The only reference I came across in the Cryptoassets Manual was:
"value of the transaction in pound sterling (as at the date of the transaction)"
Digital asset prices vary across different exchanges.
1. Does the HMRC have a database or API of digital asset prices that can be used to calculate the value in pound sterling for all digital assets?
2. If not, is it acceptable to use the CoinGecko API to make the conversion for self assessment.
* CoinGecko is a de facto industry standard API for converting prices by aggregating feeds from various pricing sources.