The aim is to accelerate blockchain-related policy development and issues around implementing blockchain at the enterprise level.

The cryptocurrency is pegged to a fiat currency like the U.S. dollar or to assets like gold.

As blockchain-based technology makes waves in every sector of the business world, accounting professionals should be prepared to answer client questions

The firm will lend its expertise in governance, security, risk management and controls to Cred’s understanding of the movement of digital currency.

House Ways and Means Committee Chairman Kevin Brady, R-Texas, and other Republicans on his committee have sent a letter to the Internal Revenue Service asking for more detailed guidance for taxpayers about virtual currencies such as Bitcoin and Ethereum.

Cryptocurrency has gone from niche concern to mainstream reality in a very short period of time.

Members of ABC collaborate with industry leaders to develop and further the leading industry organization and network involved with blockchain in accounting.

Dozens of hedge funds investing billions of dollars in cryptocurrencies don’t know if they’re calculating their taxes correctly, which may be a problem now that U.S. authorities have said they’re going to be scrutinizing virtual currencies.

The technology might be the hottest topic in accounting today, and the trend continued at the Accounting and Finance Show in Los Angeles.

The Lehman College professor hopes the accounting profession will be 'completely transformed over the next decade.'