Are cryptocurrencies financial assets or intangible assets?

The question that arises is: "Should cryptocurrencies be classified as financial assets or intangible assets?" The nature of this digital currency, existing solely in electronic form and without a physical counterpart, begs for clarification. On one hand, they exhibit characteristics of financial assets, such as being tradable and serving as a store of value. However, their lack of physicality and tangibility also begs the question of whether they truly fit into the traditional mold of financial assets. Are they merely intangible assets, existing virtually in the digital realm, or do they possess the essential hallmarks of financial assets? The answer to this question could have significant implications for regulation, taxation, and the overall treatment of cryptocurrencies in the financial system.