Leading Crypto Tax Platform Ledigible Joins the Accounting Blockchain Coalition

Contributing Expertise to Educate and Inform on Tax and Accounting for Cryptoassets

Atlanta, February 10, 2021 – Verady, maker of the Ledgible cryptocurrency tax and accounting platform, announced that the Company joined the Accounting Blockchain Coalition. Verady’s extensive expertise will add to working papers, education, and other resources on important issues around crypto assets and the evolving tax and accounting ecosystem in the United States as well as globally.

Verady joining the Accounting Blockchain Coalition (ABC) is important this week with the opening of tax filing season by the IRS on Friday, February 12.  New for 2020, the Tax Form 1040 includes the virtual currency question. As a member of the ABC, Verady will help evolve ABC into an objective, industry resource and community for organizations involved with crypto assets and blockchains in accounting.

“There are challenges to accurately financially report and handle taxation for crypto-assets and Ledgible looks forward to being part of the Accounting Blockchain Coalition to bring clarity and guidance to crypto assets and their implications,” said Kell Canty, CEO of Verady. “Through our Ledgible Partner Program, we’ve assembled the largest network of crypto tax and accounting experts, and are excited to share our expertise with even more partners as we move forward to make crypto tax and accounting an understandable growth sector for today’s professionals.”

Ledgible Tax Pro from Verady is a SOC Audited platform for tax planning and reporting on crypto assets and produces the IRS Form 8949 and other reporting formats that are directly importable to filing systems used by tax professionals. Ledgible integrates with all major professional and consumer tax reporting and accounting systems. Business, customers, and accounting professionals can account for Bitcoin and other crypto-assets and save time and reduce complexity by automatically syncing information directly from cryptocurrency activity.

About Verady 

Verady (https://ledgible.io/) provides AICPA SOC assured portfolio tracking and reporting of crypto assets. The Ledgible platform delivers solutions for Tax, Accounting, and Confirmation. Verady believes traditional accounting systems, firms, and standards are currently lacking around cryptocurrencies. The Ledgible platform is the bridge between cryptoassets and traditional financial accounting.

About The Accounting Blockchain Coalition

The Accounting Blockchain Coalition is an industry association formed to educate businesses and organizations on accounting matters relevant to digital assets and distributed ledger technology, including blockchain.

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About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin60,586 0.53 % 2.04 % 0.95 %
Ethereum4,039.2 0.19 % 0.44 % 4.79 %
Binance Coin474.93 0.13 % 1.81 % 1.52 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.130 0.23 % 1.69 % 2.81 %
Solana190.09 0.39 % 5.97 % 20.10 %
XRP1.080 0.29 % 1.27 % 5.08 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2578 2.86 % 4.48 % 8.06 %
USD Coin1.000 0.14 % 0.20 % 0.17 %

bitcoin
Bitcoin (BTC) $ 60,188.00
ethereum
Ethereum (ETH) $ 4,032.23
binance-coin
Binance Coin (BNB) $ 474.33
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 2.12
solana
Solana (SOL) $ 188.62
xrp
XRP (XRP) $ 1.08
polkadot
Polkadot (DOT) $ 42.33
dogecoin
Dogecoin (DOGE) $ 0.255608
usd-coin
USD Coin (USDC) $ 0.998411