In March, the U.S. Treasury Department proposed four changes to “modernize” the reporting of digital assets. The proposals, outlined in its “Green Book” on tax proposals for fiscal year 2023, come in response to the increasing use of digital assets and the need to improve tax compliance and…
Last week, Senators Kirsten Gillibrand and Cynthia Lummis introduced a landmark bipartisan bill in the Senate that establishes a comprehensive regulatory framework for digital assets. The Responsible Financial Innovation Act encourages responsible financial innovation, flexibility, transparency…
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Investment funds are becoming increasingly interested in cryptoassets Web3 is the next step in the evolution of the internet Policy and regulation will help stimulate investments in the industry
The world of cryptocurrencies has…
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The U.S. tax treatment of classifying all digital assets as one broad category of property needs to be reworked to encompass different asset types. The documentation and tracking of basis, FMV, and taxable events is cumbersome and complex. CoinTracker…
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Financial advisors need to gain a strong understanding of the cryptoasset industry and how it affects the financial services industry. Decentralized finance (DeFi) has the potential to disintermediate and reconstruct how individuals transact with each…
Even though they have separate and different roles, the CFO and external auditor can work together constructively and collaboratively. What does it take to create a collegial, productive relationship between the CFO and accounting team and the external auditor as they engage in the process that
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DAOs are emerging as new entity structures that have potential to fundamentally shift business management and governance, function as investment vehicles, and tokenize common interests. The decentralized nature of DAOs present significant regulatory…
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Bitcoin is a monetary good that stores value due to energy and scarcity Bitcoin could enable more dynamic macroeconomic and monetary policy Other blockchain and digital asset ecosystems are much different than bitcoin
Bitcoin is…
As a board member, it’s critical to ensure your organization is ready for whatever lies just beyond the horizon. In this series of articles, we present five critical questions to ask and central topics to discuss at your board meetings to help ensure that your organization is prepared to weather
Are you prepared to go through the next round of fundraising? Transitioning your business to the next stage means understanding investors’ expectations while entering a new world of standards and reporting requirements. What is involved in round two of fundraising? How do you prepare for a first…
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