December 9, 2022

GHBellaVista

Imagination at work

Digital assets for the accountancy profession

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Accountants are more and more encountering cryptocurrency and other cryptoassets, and ICAEW is supporting them on this, claims Lesley Meall.&#13

No matter whether it’s Tesla and Square incorporating bitcoin to the equilibrium sheet, VISA and Morgan Stanley launching cryptoservices, or the non-fungible token fad, digital property such as cryptocurrency are entering the mainstream. ICAEW Technical Manager (and ex-auditor) David Lyford-Tilley is not on your own in discovering the implications for the career of cryptocurrency, other cryptoassets and developments these kinds of as intelligent contracts, which are enabled by dispersed blockchain ledger technological know-how.

Uptake is spreading and accelerating, featuring alternatives for firms of all measurements to reach aggressive advantage by offering purchasers with crypto-linked providers, as accountants overcome some of the specialized and realistic problems, these kinds of as producing sufficient awareness and comprehending of this new asset class.