Crypto Accounting
Here at Thompson and Wallace Partners, we are proud to offer our clients crypto currency accounting services.
As the world of cryptocurrencies continues to grow and evolve, we understand the importance of keeping up-to-date with the latest developments.
Our team of experienced accountants are well-versed in all aspects of crypto currency accounting, and we are able to provide comprehensive guidance and support.
Whether you are looking to invest in cryptocurrencies or simply want to keep track of your existing portfolio, we can help.
Contact us today to find out more about our services and how we can help you.
What is Crypto Currency?
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. In addition, some cryptocurrencies are mined, which involves completing complex computational tasks in order to validate transactions on the blockchain.
Cryptocurrencies are typically stored in a digital wallet. Australia has been a leader in crypto adoption, with over 3 million Australians owning or having owned crypto assets.
