Virtual currencies like Bitcoin and Ethereum have been embraced by speculators seeking outsized returns and some assets called “stablecoins” are backed by assets and have values pegged to common currency values like the US dollar. Innovative organizations are using blockchain-based ledgers to create “smart contracts” and allow individuals to manage the release of their identifying information. At the same time, regulators around the world have been working overtime to regulate and tax the holdings tracked in these decentralized ledgers while protecting investors. This session will discuss current developments and will highlight innovative uses for blockchain-based ledgers as well as update participants on the emerging regulatory landscape. Attend this session and learn more about emerging topics affecting blockchain and cryptocurrencies so you and your clients can take advantage of the new opportunities provided by this technology.

• Accounting professionals who want to understand the current US regulatory environment surrounding virtual currencies, initial coin offerings, and other transactions which are tracked on blockchain-based ledgers.

• Explore smart contracts, sovereign identity management, stablecoins, cross-border funds transfer and other emerging uses for blockchain-based ledgers.
• Learn the regulations and enforcement initiatives announced by state and federal regulators, as well as types of transactions that might put you or your client at risk.
• Learn about other significant current events surrounding blockchain and virtual currencies.