Square just made Bitcoin acceptance the default for millions of U.S. merchants and most don't fully understand what that means for their business, their taxes, or their legal exposure.
In this episode of Confidently Crypto™, Dr. Tonya M. Evans breaks down the mechanics behind Square's March 30th update, including how the Lightning Network enables near-instant Bitcoin-to-dollar settlement at the point of sale. She unpacks the tax complications that follow, since the IRS treats Bitcoin as property rather than currency, creating reporting obligations many small business owners aren't prepared for. She also addresses the operational risks merchants now face, from the absence of chargebacks to unresolved questions around dispute resolution and consumer protection.
With Schwab and Morgan Stanley moving into crypto trading, digital asset fluency is no longer optional for legal and financial professionals. Dr. Evans maps the advisory opportunities emerging in crypto regulation, tax compliance, and strategic planning — and shares resources including her book Digital Money Demystified, the Beyond the JD™ training suite, and tracking tools like CoinTracker.
Whether you're a merchant, lawyer, or financial advisor, this episode delivers the clarity to lead confidently in the new era of digital commerce.
Visit Dr. Evans' website at: www.ProfTonyaEvans.com
Follow her socials: @IPProfEvans
To listen to more of Dr. Tonya Evans' Podcasts, Visit: https://proftonyaevans.com/podcasts/
Strategic Advisor | Digital Assets & Regulatory Policy
Advantage Evans, LLC
📖 Author: Digital Money Demystified | Electing Crypto
🎙️ Host: Confidently Crypto on SiriusXM
🔗 Connect: ProfTonyaEvans.com
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