What does the cryptocurrency boom mean for accountancy?
Cryptocurrencies aren’t going away. And yet, nobody seems to be giving this topic the attention it deserves. Capitalise has created a guide to tell you what the cryptocurrency is, why it is important to reach consensus about it and how it will influence you and your clients.
You’ve probably heard about them. They have implications for all areas of accountancy, but the tax authorities have not yet reached a consensus about them. However, cryptocurrencies won’t go away anytime soon, so proactive accountants should be informing their clients of the various risks and opportunities.
The total value of all cryptocurrencies is estimated to grow from $16.6 billion in 2017 to $1,132 billion in 2025 and banks and investment managers are already jumping into the world of digital currencies. So, will accountants need to do the same?
Download the guide to find out more about:
- What are cyptocurrencies and why they matter
- The most popular cryptocurrencies
- Why the cryptocurrency is here to stay
- Why it might be a blind spot for accountancy