use in making payments. Public authorities and central banks around the world are closely monitoring developments in … question for public authorities such as a central bank is whether or not to issue its own digital currency that can be used by … the general public to make payments. There are several public policy arguments for a central-bank-issued digital currency …

The prospect of central banks issuing digital currency (CBDC) immediately raises the question of how this new form of …

crypto-currency become increasingly popular and tax accounting guidance begin to appear in 2014. Designed as a decentralized … currency, Bitcoin will not become a reporting currency and will instead complement fiat money. We argue that the accounting … reporting entity: trading firms recognize Bitcoin like a foreign currency and measure the revenue, or expense, at the equivalent …

Bitcoin in particular and so-called cryptocurrencies in general have shaken up the financial world and seem to be …