Digital assets in business.
WHY IT IS CONSIDERED
Some clients prefer it, and traditional routes can be slow or restricted.
WHAT TO ESTABLISH FIRST
Whether accepting it is permitted for your business What your tax obligations are How you will convert How you will account for it
WHAT TO AGREE WITH A CLIENT
The asset and network Who bears network fees The rate and when it is fixed What happens if the transfer fails
WHY FIXING THE RATE MATTERS
Value changes between invoicing and receipt.
WHAT TO PREFER
Stablecoins, for predictability.
WHAT TO PROVIDE
An address, communicated securely and confirmed.
WHY SECURELY
Addresses sent by message have been altered in transit.
WHAT TO CONFIRM
Receipt, on a block explorer, before delivering.
WHAT TO PLAN
Conversion, promptly, to limit exposure.
WHAT TO RECORD
The transaction, the rate applied, and the value in local currency.
WHY
It is required for accounts and tax.
WHAT RISKS TO WEIGH
Funds later traced to crime Banking relationships affected by conversion activity Regulatory change
WHAT TO DO
Take professional advice before adopting this as a routine practice.
