Can You Pay Employee’s In Cryptocurrency?

paying employees in cryptocurrency paying employees in cryptocurrency Cryptocurrencies have marked their place in the economy, with investors banking early on forms like Bitcoin, and walking away with exponential growth to their investment. By what about paying employees in this form? “When a company first approaches its employees about paying them in cryptocurrencies, like Bitcoin and Ether, employees might be a bit apprehensive. It might take some good, old fashioned education to get people on board with receiving digital coins instead of pay check or cash… ” [ Read more here ]

Move Over Gold – Bitcoin Is Growing

Cryptocurrencies have taken the investing market by storm over the past couple of years, with it’s latest explosive growth hinting at a bright future…

“Fundstrat’s Tom Lee says bitcoin could be a true substitute for gold and cannibalize some of the $7.5 trillion market. Lee  estimates the cryptocurrency could be worth $20,300 by 2022. This estimate is based largely on the assumption that bitcoin can increase its share of the “alternative currency” market, which is mostly gold, from 0.7% to 5%…” [ Read more here ]

Digital Currencies In The Scope Of Financial Accounting Standards Board

cryptocurrency regulation - sterling accounting Digital and crypto-currencies have exploded as a go to currency on the web, with their share prices typically skyrocketing shortly after inception. The market has been largely unregulated, but that may change with the Financial Accounting Standards Board (FASB) taking aim at the issue.

“According to Reuters, the FASB – which sets accounting standards for publicly traded US firms – hasn’t yet decided if it will develop new guidelines for companies dealing with bitcoin and other cryptocurrencies. However, the non-profit is apparently assessing whether it should begin that process following a request from the Washington, DC-based Chamber of Digital Commerce…” [ Read more here ]