As crypto matures and continues along its path of inevitable adoption, so too does the importance placed on adequately accounting for crypto as an asset class and a source of income.
Cryptocurrencies at their core were not designed to fit into traditional financial systems, after all, that’s where some of their primary benefits over fiat and banking systems are found. For crypto natives, trying to fit the square peg of crypto into the round hole of traditional finance is done begrudgingly, often come tax time – or in the case of businesses with crypto, monthly to close books. In the US and other regulated economies, these actions are necessary evils to maintain crypto – but accounting for crypto neither has to be hard nor detrimental to the overall crypto ecosystem.
But let’s back up for a moment.
A Paradoxical Equation
As companies and funds continue to make the push for a Bitcoin spot ETF and other financial products involving cryptocurrency functioning in the more traditional...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...