Alternative currencies, such as bitcoin, can no longer be ignored. Governments and the IRS are forced to address recognition and regulation as these innovative alternatives gain popularity and notoriety. Staying on top of the frequent changes surrounding bitcoin is imperative for a CPA to advise clients properly.
Become familiar with available alternative currencies options.
Understand why is bitcoin so popular when it has such a bad rap.
Be able to discuss who is using bitcoin and why.
Be informed about the latest government regulations regarding alternative currencies.