We help educate individuals, companies and cooperative societies about the emerging blockchain and cryptocurrency sectors, and the distinction between the two.
Helping your business manage cryptocurrency transactions and unlock the power of blockchain technology through comprehensive tax, accounting, assurance and consulting services.
CEPS is a business partner that understands the cryptocurrency and blockchain landscape inside and out and can help you navigate its complex tax, operational, structural and financial aspects at every turn. By leveraging our insights, experience and know-how, your business can harness cutting-edge blockchain technology to streamline operations and effectively manage cryptocurrency transactions—all while minimizing tax and risk issues and ensuring compliance.
We offer ICO consulting and Digital Currencies Investments Strategy
Introduction
Cryptocurrencies are virtual currencies. Virtual currencies are different from digital money. Digital money refers to the user’s funds in the bank account which can be accessed through online mediums. Virtual currencies, on the other hand, refer to currencies that are mined over the internet. The most notable example of a cryptocurrency is the Bitcoin. Bitcoin is a virtual currency that has value in the virtual world, but it is not physically present. It exists only in the digital world. Savings accounts and banking transactions are subject to government regulations and monitoring. However, this is not the case with virtual currencies.
Cryptocurrencies are well recognized to have the potential to disrupt the economy. However, from the viewpoint of E-commerce business, cryptocurrencies seem to be the next logical step for evolution. Cryptocurrencies are operated on a platform called as Blockchain. The blockchain is a highly efficient mode for online data storage. Using blockchain and cryptocurrencies in the e-Commerce sector is highly advantageous. This technology dramatically reduces data storage and data handling costs. The benefits of low-cost transactions can be shared by the business as well as the consumer. This is extremely enticing for online merchants and shoppers alike.