By now you’ve heard about bitcoin. Perhaps you’ve even helped your clients report their cryptocurrency transactions on their tax return. But the crypto sphere is bigger than bitcoin. It’s bigger than cryptocurrency. It has evolved into a sea of cryptoassets, each with different characteristics and qualities. What are these cryptoassets? How are people transacting with these assets? What are the different tax implications and reporting requirements surrounding these transactions? And what can you do help your clients navigate the complexity and ambiguity that surrounds this space?
1. To be able to identify different categories of cryptoassets.
2. To identify tools and techniques to aid compliance reporting for cryptoasset transaction.
3. To be able to identify different types of cryptoasset transaction and apply the applicable regulations for compliance purposes.