Digital assets for the accountancy profession

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Accountants are significantly encountering cryptocurrency and other cryptoassets, and ICAEW is supporting them on this, claims Lesley Meall.&#13

Whether or not it is Tesla and Sq. adding bitcoin to the equilibrium sheet, VISA and Morgan Stanley launching cryptoservices, or the non-fungible token trend, digital belongings these kinds of as cryptocurrency are coming into the mainstream. ICAEW Specialized Manager (and ex-auditor) David Lyford-Tilley is not alone in discovering the implications for the occupation of cryptocurrency, other cryptoassets and developments these types of as intelligent contracts, which are enabled by distributed blockchain ledger technological innovation.

Uptake is spreading and accelerating, featuring possibilities for companies of all dimensions to reach competitive gain by supplying shoppers with crypto-associated solutions, as accountants defeat some of the specialized and functional issues, these types of as producing enough expertise and knowledge of this new asset course.