Dbriefs
23 May

Considerations for corporations investing in crypto

Tuesday, 11:00 a.m.  ET | 1 hr
Event language: English

More operating companies are deciding to allocate cash to digital assets and cryptocurrencies. This session will examine the tax, accounting, controls, and regulatory considerations needed before making such a decision. 

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Learning Objectives

Host: Rob Massey, partner, Deloitte Tax LLP

Presenters: Amy Park, partner, Deloitte & Touche LLP
                      Kesavan Thuppil, principal, Deloitte & Touche LLP 
                      Petal Walker, managing director, Deloitte & Touche LLP

  • Unique tax considerations around basis tracking and wallet structures 
  • Accounting considerations including the FASB’s proposed accounting standards update
  • Considerations for designing control frameworks to suit finance and treasury functions
  • Broad regulatory considerations when investing in or using digital assets

 

Meet the speakers

Rob Massey

Rob Massey

Global & US Tax Blockchain & Digital Assets leader

Rob Massey is the Tax leader of Deloitte’s Blockchain and Digital Assets (BDA) practice. Since 2012, Rob has focused on the complex world of blockchain, digital assets, cryptocurrencies, and tokenization, serving clients across the ecosystem. This includes investors, miners, staking providers, payment processors, wallet providers, exchanges, custodians, funds, DAOs, foundations and entities involved in protocol development. With over two decades of experience in tax consulting for technology companies, his experience spans the complex tax considerations of blockchain enabled transactions and the tax impacts of tokenization and digital asset transactions across business models, industries, and geographies. He also has growing experience in tax controversy matters involving digital assets and blockchain based business models. As the first person from Deloitte to work in blockchain and digital assets, Rob has been instrumental in establishing the BDA practice and growing the deep bench of experienced specialists on the team. Not only has his visionary leadership positioned Deloitte at the forefront of the industry, but also established Rob as a highly respected speaker at industry events worldwide. His presentations often cover a range of topics, from the evolving blockchain and digital assets ecosystem and future technology directions to the complex tax implications faced by corporations in the digital asset space. Beyond his professional achievements, Rob’s passion for fitness and sailing underscores his belief in the importance of wellness for himself and his team – a value captured by his favorite motto, “Proof of Wellness.” As an active member in his local community, Rob volunteers and offers his time as an advisor to Digital Dollar Foundation, as the Tax Task Force Chair for the Chamber of Digital Commerce, and as the President and Site Manager of Tax-Aid.

Amy Park

Amy Park

Partner | Deloitte & Touche LLP

Amy is a US Audit & Assurance Blockchain & Digital Assets partner and a partner in Deloitte’s National Office Accounting and Reporting Services specializing in technical accounting matters in consolidation, financial instruments, and accounting for digital asset transactions. She serves companies in both an advisory and audit capacity that operate in the blockchain ecosystem or have complex digital asset transactions, with a focus on accounting and financial reporting. She is a member of the American Institute of Certified Public Accountants and serves on the AICPA’s Digital Assets Task Force, focusing on accounting matters related to digital assets. Amy has more than 15 years of experience in public accounting, including a practice fellowship at the Financial Accounting Standards Board, and has served public and private companies in the banking and securities, investment management, and digital assets industries.

Kesavan Thuppil

Kesavan Thuppil

Principal | Deloitte & Touche LLP

Kesavan is a principal with Deloitte Risk & Financial Advisory with more than 20 years of experience as a Treasury advisor executing engagements covering business & technology strategy, treasury transformation, and technology implementation. He has extensive experience in leading practice project implementation methodology, business process design related to cash management, in-house banking, risk management, and systems integrations to various finance and treasury functions.

Resources

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Tuesday, 23 May 2023 11:00 a.m. ET