20 Mar NFT – ACCT research – Methology
How/where to study this issue. (Methodology)
Using active markets to see the sales and bids for Ntfs.
(CryptoKitties, Tacobell, NBA. etc.)
2- Surveys and interviews with different NFT creators, supporters and accountants.
(Try to reach by Linkedin, Email, CPA week- Crypto and you)
3- Use the IFRS guidelines to find an appropriate accounting treatment.
EX: https://www.cpacanada.ca/en/business-and-accounting-resources/other-general-business-topics/information-management-and-technology/publications/cpa-perspectives-on-blockchain
4- Use the CRA guidelines for tax implications of NFTs.
EX: https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/digital-currency/cryptocurrency-guide.htm
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