The Financial Education Research Foundation FERF spoke with Deloitte experts about the accounting and tax considerations when a company invests in cryptocurrencies or chooses to use it in its business.
Recently the company started investing in VeChain and employed more than 1000 staff members for what has been announced to be a new blockchaincrypto program called Digital Accelerators Program.
This is a new dynamic and a departure from more conventional investing by funds and others in this space.
17 What are some items an entity should consider about the markets in which crypto assets trade when determining the fair value of a crypto asset holding.
In the absence of formal guidance accounting for tok ens is based on the rights and obligations attached to them.