We've been tiptoeing into crypto accounting, and now we're starting to sign up some of these companies. So i'm excited talk about this with you. You break the rules at your peril. In not knowing the law is not an excuse or a defence against breaking it. The s cs motus operanda is to regulate, like that's what they do. And so there this giant kind of financial innovation center happening, and they're kind of getting in there now. This is where crypto is really like a sopware tool. There's a tool for facilitating transaction and things like that. I think that's maybe the difference between thes iletin coin rit
Crypto is reaching the mainstream, which has major implications for crypto and traditional startups alike. Kruze Consulting COO Scott Orn joins to discuss what regulation and taxes actually apply to crypto (3:17), recent improvements in crypto accounting infrastructure (8:24), appropriately documenting crypto holdings (21:25) and more! With crypto market capitalizations rivaling large cap tech companies, the IRS wants its due. This is a great crash course for properly documenting crypto and avoiding future fines.