At Withum, we have a deep level of expertise relating to all of the issues that arise within today’s ever-changing digital currency environment. Whether you are a hedge fund with a crypto strategy, are designing and executing an Initial Coin Offering (ICO) or Token Sale, or are an investor trying to navigate the tax implications of your digital currency assets, our team of experts can help. Withum’s Digital Currency and Blockchain Technology Team has the in-depth industry experience to provide specialized services tailored to your needs.
Digital Currency and Blockchain Technology Industry Challenges
Navigating the tax implications of your digital assets can be confusing. Our team of experts can help provide solutions to ease your burden and understand your tax liability while also maximizing your tax benefits.
Working through the financial statement preparation process can be time-consuming, whether it is an audit, review, or compilation. We work efficiently to deliver results in a timely manner while also making sure we utilize your time as effectively as possible.
From outsourced accounting functions and CFO consulting to ASC 606 implementation consultations, our team works alongside of you to ensure your accounting needs are being met and are fully compliant with current industry standards.
Initial Coin Offering (ICO) and Token Sale
As experienced professionals, we have a wealth of knowledge when working with ICOs and token sales to ensure you are fully compliant in the current regulatory environment.
Stable Coin Audits
In order for a stablecoin to gain market adoption, it is critical to gain the trust of users. Having a recurring attestation report completed on your stablecoin to ensure that is it properly reserved is critical in today’s environment.
Digital Currency and Blockchain Industry Involvement
Leadership
Insights
Investing in Crypto? Beware of Tax Consequences
Many US investors are increasingly looking to cryptocurrency and blockchain companies as ideal vehicles in which to invest. Early in the cryptocurrency boom, the IRS took the position that cryptocurrency […]
Cryptocurrency Considerations for Not-For-Profit (NFP) Organizations
Has Crypto been on your mind? It should be. From a regulatory perspective, not only does it function as an alternative form of currency, but it also serves as an […]
The IRS Updated the Virtual Currency Question
The IRS released the Draft 2021 1040 Pages 1 and 2, with an update to the Virtual Currency Question. The ‘Yes’ or ‘No’ question now asks, “At any time during […]