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RE: BlockTrades Update: New Cryptocurrency Accounting Steem

in #blocktrades7 years ago

Well as an Accountant that I am, (Even if I publish about agriculture in steemit)
I think it's a phenomenal job that nobody has taken very seriously and with the sole fact of being taxed, that the US Government is receiving tax money from profits, and with that fact, is a great step to move to the next regulation stage of critical currency.
Well accounting, a point has struck me, in fact the ideal is to determine cut dates to pay taxes in this case a tax period that goes from January to December covering a full year,
about the different sources of information that are in critpomonedas, I think it would be like having many portfolios of coins together and what would reflect unrealized gains or losses and on that basis would not have to pay anything, for the long term as you say , but for those made there if you have to pay taxes.
an accounting system that regulates this, wow that if it is a big smoke, a sinigual development, imagine how many banks or financial institutions would like something like that, that will facilitate their internal controls, as well as how many central banks that are thinking about using Blockchain technology as a work tool for example, to carry out its operations in the Gross Settlement System in Real Time, which is its core, which could be very interested in acquiring its wonderful tool, I think you should be aiming towards that market niche , that until now there is no such tool as described, just skipped about 5 years of experience with that, so good luck and perfect it to create the potential is beautiful, and great especially for Central Banks and banking institutions in general, but also for large investment funds that will soon be eager for a tool like that.
I thought it was great.
As I say, I'm an accountant even though I have an agricultural blog, that's why I have dared to tell you about this tool that I thought was great. Imagine that you make the first financial statements about pure activity and clearly for operations of critpomonedas, that does not exist yet, or Maybe, but I still do not see it, this will be a marvel of evolution for registering a new accounting principle. You have to go to the FASB to start working in this new field of financial accounting.
Thanks for reading, sorry for the English but I use a translator I speak only Spanish.
a hug, best regard @galberto.