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Cryptocurrency and Digital Assets
Considerations for middle market organizations
Cryptocurrencies are a new asset class with a volatility and global availability that excites the investment community. Companies using cryptocurrency need to ensure their holdings are taxed appropriately, comply with the most current regulations and maintain a high level of security.
We have a dedicated team of professionals who provide industry-leading guidance on cryptocurrency taxation, valuation, accounting practices, regulation, custody, operational risks, structuring, vendor selection and anti-money laundering.
Financial institutions should take note as digital assets like cryptocurrency introduce a new layer of complexity to information security.
The regulatory environment and the operational and security risks are vitally important when investing in crpytocurrencies.
Understanding what digital assets are will help companies make decisions when digital asset-specific guidance is issued.
Digital assets present audit and accounting challenges that require re-examining basic considerations within traditional frameworks.
With over a billion Facebook users and participation from payment processors, Libra currency has potential to drive blockchain adoption.
Digital assets like cryptocurrencies are a new asset class with a volatility and global availability that excite the investment community.
The Token Taxonomy Act would exempt many virtual currency exchanges from taxation and would require virtual currency reporting.
With all the attention given to cryptocurrencies, it’s time to take a look at what the potential tax implications may be for 2017 taxes.
Bill targets strategies focusing on the implementation and adoption of blockchain, cryptocurrency, and financial technologies in Vermont.