Articles in "Audit and Accountancy"

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Accounting for Cryptocurrencies

Samuel Grimmer
Audit and Accountancy, Tax
4 min read

Whether they confuse, scare, or excite you, most people have heard about cryptocurrencies in recent years. Elon Musk has been tweeting about them, El Salvador has officially adopted Bitcoin as legal tender, and corporates are beginning to accept and hold various cryptocurrencies. As there is wider adoption, more businesses will end up acquiring these digital assets which raises the question on how to account for them.

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