Should our startup accept Bitcoin payments?

US has a mixed history with Bitcoin and I expect the regulatory environment to be fluid so rather than give opinion which is likely to be outdated by the time anyone reads it, I'll mentioned how I think Singapore is doing it least "wrong".

BitCoin is a global ledger and the cryptocurrency is convertible into normal currency and thus exchangeable for normal goods and services. Singapore monetary authorities interpretation is that it is akin to a virtual game transaction system and so long as all transactions are within that world, not their regulatory ballpark (aka hands off). Where they do have concerns is the intersection with real goods and services, they require that if there is a conversion, then standard sales/VAT taxes be applied. As speculating in a bitcoin is not a financial instrument (unlike German interpretation) there is no tax (moot as singapore has no capital gains tax full stop) but corporate/profits tax may be charged if dealing in bitcoins as a business (payment gateway, exchange, hedge). Standard record keeping is expected so above a certain amount, anti-money laundering provisions may apply. Payments (if using 3rd party gateway) are usually not considered dealing in financial instruments but import of some goods may incur excise tax or be restricted as a matter of public policy (eg drugs). If legit merchant, and exchange at market rates immediately, there should be no difference with a credit card payment, just slower (takes several rounds for blockchain to be fully merged).