An overview of digital currencies and the key accounting challenges facing companies entering this ever-developing area.
Almost on a daily basis there are reports in the media regarding digital currencies; FCA considers approving blockchain businesses, WEF: Blockchain will become the ‘beating heart’ of finance; Bank and tech firms apply blockchain to trade finance, to name but a few.
Digital and specifically crypto currencies developed by the banking community represent a real opportunity for commerce and economic development but this is not without sizeable challenges.
In our latest UnDisputed briefing, we seek to demystify the terminology by providing an overview of digital currencies, and to highlight the key accounting challenges, namely: valuation, existence and regulatory risk.
Download the attached publication to read more.