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Should Businesses Consider Accepting Cryptocurrency?
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Some of the largest companies are now accepting bitcoin and other cryptocurrencies as payment, but how and when will this impact small and mid-size businesses? In this segment of But Who's Counting?, David E. Hartley sits down with Anders tax partner and cryptocurrency guru Derek A. Barnard to dive into what investors and businesses need to know before they get involved with crypto, including:
- Clearly defining blockchain and cryptocurrency
- Tax implications of bitcoin and other cryptocurrencies
- What businesses should know about investing and transacting in digital currencies
- How companies will need to evolve to accept cryptocurrency as payment
- Lessons learned coming out of the initial crypto "gold rush"
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