Bitcoin: Fake Money, Real Losses
Overview:
Bitcoin, a cryptocurrency, was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.
This presentation focuses on why Bitcoin has failed as money and has yielded real losses. It will specifically focus on the concept of a private key in the context of Bitcoin.
Objectives:
Topics of discussion will include:- Define the concept of cryptocurrency
- Understand how to obtain (detect) Bitcoin
- Understand the tax implications for Bitcoin and cryptocurrency in general
- Explore audit consideration for Bitcoin
Instructors:
Designed For:
CPAs or accounting professionals
Prerequisite:
Some familiarity with accounting
Additional Info:
Thank you for registering for the "Bitcoin: Fake Money, Real Losses" OnDemand course. You can begin immediately by going to the 24/7 Learning Library portal at https://ficpa.courselaunch.io and logging in with your current FICPA member login credentials.
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