For our upcoming live AMA session, we will be discussing important accounting and tax considerations for web3 startups based in Hong Kong.

Cryptocurrency is a new type of asset that has entered the market in recent years, therefore handling this from an accounting and taxation perspective can be confusing. During this session we hope to shed some light on this for Web3 startups based in Hong Kong, covering topics such as how to classify cryptocurrency using Hong Kong's accounting standards, the tax implications of this from a company and employee compensation perspective, any differences that might arise between BTC/ETH, altcoins, or NFTs, and how to record its valuation when the currency can be quite volatile.