Blockchain Miniseries #2 - “Bitcoin is booming and so are the taxes.”
"Globally, cryptocurrency transactions is a new booming area and a lot of countries are shifting their attention ... to capture that revenue"
CPA.com's Senior Director (Strategy and Innovation) Kacee Johnson talks to Amy Miller, Senior Manager for Tax Policy and Advocacy at AICPA & CIMA. They explore the most recent advancements in regulatory changes as it relates to cryptocurrency, and how new tax provisions impact accounting firms. Blockchain is one of the many emerging technology trends that have the potential to disrupt the accounting and finance role. This 3-part mini-series explores some of the latest advances with leading subject matter experts, specially recorded in the run-up to our annual Blockchain Symposium.
Amy Wang Miller is a member of the American Institute of CPA's (AICPA) Tax Policy & Advocacy Team.
Kacee Johnson is a Senior Director for Strategy and Innovation at CPA.com.
These are just some of the topics discussed in this episode.
- Bitcoin recently hit an all-time high of over $61k
- What is going on right now to cause the surge?
- How to talk about volatility.
- What are regulators in the US as well as abroad doing to account for this?
- What is the driving force behind what's made crypto so complex today?
Here are links to AICPA and other guidance and other explanatory content on the topics discussed in this episode:
- 2020 Blockchain in Accountancy Report
- Navigating the World of Crypto Tax Reporting
- AICPA Blockchain Resources
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About Our Podcast. These conversations with expert guests are recorded by different members of the AICPA & CIMA team from our offices around the world. While the sound quality may vary, we hope that the insights will be consistently useful.
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