Businesses of all sizes and scopes are now starting to accept bitcoin and other virtual currencies (or cryptocurrencies) as payment for an array of goods and services. Yet bitcoin and cryptocurrency transactions can create significant tax, accounting and assurance issues. Additionally, blockchain – a continuously growing list of records, called blocks, which are linked and secured using cryptography – already has fundamentally changed the way many industries operate–and that will grow exponentially in the coming years.
Opportunities – and pitfalls – abound in the evolving cryptocurrency and blockchain frontier. Chances are, your business will be impacted—possibly soon. Are you prepared?
Skoda Minotti is a business partner that understands the cryptocurrency and blockchain landscape inside and out and can help you navigate its complex tax, operational, structural and financial aspects at every turn. By leveraging our insights, experience and know-how, your business can harness cutting-edge blockchain technology to streamline operations and effectively manage cryptocurrency transactions—all while minimizing tax and risk issues and ensuring compliance.
Interested in learning more about the latest bitcoin and cryptocurrency regulations? Read our recent blog.