As the crypto-economy continues to grow, institutional investors are increasingly exploring the possibilities offered by digital assets, such as Bitcoin (BTC), for corporate portfolios. Deloitte’s digital assets team has provided guidance to navigate the tax, regulatory, and accounting aspects of cryptocurrency investing. They stress the importance of aligning investment goals with company culture and training staff on updated regulations. Risk management and liquidity should also be at the core of long-term strategies. Moreover, entities are encouraged to stay abreast of regulatory developments and actively monitor their investments to gain a deeper understanding of the potential of this emerging asset class. By doing so, businesses can position themselves to unlock the significant potential of digital assets, which can provide them with opportunities to optimize treasury operations, drive enhanced efficiencies, and allow them to achieve long-term growth.
David Castillo
- 2023-05-11
Deloitte Digital Assets Team Offers Guidance on Navigating Corporate Portfolios With Crypto Assets
As the crypto-economy continues to expand, the Deloitte Digital Assets Team has provided guidance to navigate the tax, regulatory, and accounting aspects of cryptocurrency investing for corporate portfolios, emphasizing the need for alignment of investment goals with company culture, staff training on updated regulations, and monitoring investments to gain a deeper understanding of this emerging asset class.
