The current state of accounting for crypto

While the current boom in DeFi is grabbing the headlines in the crypto sector and beyond, one thing remains from the heady years of the ICO and bitcoin bull years of 2017-18, the need for fit-for-purpose accountancy which can meet the challenges in 2020 faced by crypto businesses created by their customers and financial regulators. In such a new sector as crypto, which includes both cryptocurrencies and assets, part of the challenge for accounting professionals is ensuring the systems they put in place meet commonly agreed standards.

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