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.
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.
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.
Crypto and blockchain have been and will continue to redefine asset and financial structures while establishing new functions and value accretion – all of which are powering innovation on the fund investment front.
Digital Currency and Blockchain Industry Involvement
For more information or to discuss your business needs, contact Withum’s Digital Currency and Blockchain Technology Services Team.
In this episode, Mark Eckerle sits down with Ryan Babiak from Withum’s Technology and Emerging Growth Practice. Mark and Ryan provide a general state of the market for digital assets and discuss the practical application of accepting and receiving digital assets, the different types of wallet structures and the pros and cons of safeguarding your assets.
In this episode, Mark Eckerle gives a brief overview of the days leading up to the ultimate collapse of FTX and its bankruptcy filing in November 2022. How did this happen so quickly? Mark provides a timeline of events to make it easy to follow along and hear how these events unfolded in this special, short episode.