Crypto 101: Fundamentals of Cryptocurrency for Tax Authorities
FTA Webinar, June 26, 3pmET: This webinar gives tax authorities a strong foundational understanding of crypto and digital assets. Participants learn the essentials behind blockchain, how cryptocurrency transactions work, key trends, and the taxable activities that occur in the crypto ecosystem. Webinar attendees will walk away with an understanding of the key concepts they need to know to make better informed decisions around cryptocurrency, from identifying how and where taxpayers may be holding or spending crypto to finding and calculating capital gains in crypto. In this session, we will:
• Demystify core crypto and blockchain terminology and debunk common myths
• Explain how crypto transactions work and outline accounting approaches under current tax laws
• Highlight key methods taxpayers can hold, store and spend crypto
• Clarify what constitutes a capital gain and review the main tax principles for cryptoassets
Whether you’re new to digital currencies or already familiar with the market, this webinar will equip you to separate fact from fiction and confidently guide your organization in handling cryptoassets.
Industry financial crimes and cryptocurrency expert Pamela Clegg (VP, Latin America, IVIX) will lead this educational webinar for FTA members.