From publicaccountant.com.au: Web3, a decentralized version of the internet, is transforming the accountancy landscape by enabling peer-to-peer transactions and innovative business models through technologies like blockchain.

Accountants need to acquire knowledge in Bitcoin, decentralized finance, and relevant software to effectively advise clients on marketplace choices and compliance with tax obligations.

This shift requires upskilling of the profession. Accountants who do not adapt may risk falling behind.