Digital Assets

Digital Assets
Apr 05, 2022
| Scott Davis, CPA
|

Donating Cryptocurrency to Ukrainian Humanitarian Efforts? Proceed Carefully.

Digital Assets | Apr 05, 2022

Over the past few years, digital currency has earned the reputation for being the easiest and most efficient way to move money across international borders. Experts say the ability to accelerate the flow of money at a reduced cost, along with the fear of surveillance and the impact of war on the local currency are the primary reasons why Ukrainian government officials recently began requesting donations in cryptocurrency.

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Donating Cryptocurrency to Ukrainian Humanitarian Efforts? Proceed Carefully.2022-04-06T11:36:19-04:00

Accounting Professionals Need to Understand Cryptocurrency and Blockchain

Over the past few years, cryptocurrency and its underlying technology, blockchain, have started to evolve from being misunderstood concepts into a mainstream means to conduct digital transactions. Cryptocurrency is a digital form of currency used as a medium of exchange for conducting internet-based sales and financial transactions. Unlike paper bills or coins, cryptocurrency lacks physical properties and is stored in virtual wallets rather than bank accounts.

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Accounting Professionals Need to Understand Cryptocurrency and Blockchain2020-01-14T13:30:28-05:00