Digital Asset Discussion #143

Simply Tax

Digital assets have the potential to start (or perhaps already are) significantly altering the global financial landscape. Yet the rapid evolution of the industry and a sea of unfamiliar technical terms has many feeling a bit lost and overwhelmed. Tune in as guests Nik Fahrer, Brian Condron, Jeremy Goss, Tom Haldiman, Neal Maddy, and Geron Morgan discuss the why, the what, the risks, and the opportunities associated with digital assets. Here’s what’s covered:

• Who are our guests? [01:53]
• What problem are digital assets solving and why are they important? [07:27]
• Nonfungible tokens (NFT), Web 3.0, and use cases [16:49]
• What’s a smart contract? [21:10]
• Decentralized Finance (DeFi) [24:13]
• Wallets [33:48]
• Is it anonymous? [40:57]
• Illegal activity [48:29]
• Stable coins and central bank digital currency [50:59]
• Decentralized autonomous organizations [56:51]
• Regulation and tax challenges [01:05:29]
• Reporting and accounting considerations [01:20:05]
• How to get started in and learn more about crypto [01:27:12]
• Executive order on digital assets [01:36:44]

Learn more about our guests and get additional resources here.

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