Unless you have been living under a rock, you have probably heard about this intriguing new concept of a digital currency called Bitcoin. This virtual online payment system started as an idea back in 2009 and has nearly 17 million Bitcoins in circulation worldwide in early 2018.
So what exactly is Bitcoin? How does it work? What should I know about it? These are questions that we will answer so you can better understand the implication of digital currency on your firm and your clients.
DESIGNED FOR
CPAs curious about Bitcoin
HIGHLIGHTS
The primary topic of discussion will be about Bitcoin. It is an intriguing new concept of digital currency that started as an idea back in 2009, and nearly 17 million are curerntly being circulated. We will be covering:
- What Bitcoin is all about
- How Bitcoin transactions work
- The pitfalls and risks of Bitcoin
- Who controls it
- Step-by-step review of the Bitcoin transaction
- Overview of tax issues related to bitcoin
- Why merchantas are beginning to accept Bitcoin for payment
COURSE LEVEL
Basic