Date of Award
5-2015
Document Type
Honors Thesis
Degree Name
Bachelor of Arts
Department
Accounting
Advisor/Committee Chair
Kinsun Tam
Abstract
Bitcoin is an innovative virtual currency, which has gained much commercial traction, yet is widely overlooked by the accounting profession. Due to its parallels with actual currencies and its growing use, accountants should be aware of what bitcoin is, including its risks and benefits, in order to properly leverage its business uses. Of the existing financial instruments, derivatives stand out in their potential to stabilize the bitcoin market. Bitcoin regulation is sparse, but evolving, especially in the face of the emerging bitcoin securities and derivatives markets. The accounting profession is poised to play a major role in facilitating the future of proper regulation and oversight of Bitcoin.
Recommended Citation
Forrester, Javin H., "Coins in the Air: A Literature Review on the Evolving Framework of Bitcoin and its Relevance to the Accounting Profession" (2015). Accounting. 15.
https://scholarsarchive.library.albany.edu/honorscollege_accounting/15