News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
HMRC publishes its Economic Crime Supervision Handbook, setting out how it supervises UK businesses for AML compliance and what firms can expect during supervisory engagement
Finansinspektionen has announced major changes to periodic AML reporting, signalling tighter supervisory expectations for all regulated entities including crypto-asset service providers operating in or into Sweden and the EU.
EBA's new milestone requires crypto accounting software to adapt to enhanced reporting standards for EU firms.
IRS Office of Professional Responsibility clarifies that Circular 230 duties apply in full to AI-assisted tax work, placing compliance and billing obligations squarely on practitioners and firms
Practical alert for accounting firms and CFOs advising Malta-licensed VFA entities on what the MFSA's MiCA transition guidance means for licence continuity, compliance obligations, and client readiness
EMIR 3 introduces an active account requirement that impacts crypto firms already navigating DAC8 reporting obligations, adding another layer of compliance.
EMIR 3 introduces an active account requirement for EU counterparties, expanding reporting obligations that intersect with dac8 reporting and crypto asset accounting standards.
Malta's MFSA confirms VFA licence holders must transition to CASP under MiCA by July 2026, impacting crypto compliance for firms.
Binance's withdrawal from Greek MiCA licensing signals shifting regulatory strategies in the EU, but the exchange's commitment to Europe keeps MiCA compliance crypto requirements central for firms.
The AFIAAR MoU harmonizes global crypto accounting standards, driving adoption of specialized crypto accounting software for firms.
Ripple's preliminary MiCA approval in Luxembourg signals a maturing regulatory environment for crypto firms in the EU, with implications for compliance and accounting standards.
MFSA's letter on financial analysis of reinsurance undertakings underscores the need for robust crypto financial statements, aligning with FASB, IFRS, and DAC8.
ATO's glossary update reinforces the convergence of crypto accounting standards globally, affecting firms that advise clients on IFRS crypto assets.
The AFM's updated DMFSD rules require crypto firms to ensure fair online client journeys; crypto accounting software can help demonstrate compliance.
Luxembourg fund managers must notify the CSSF before providing ancillary services to third parties, impacting compliance workflows and the need for robust crypto fund accounting software.
ACCA highlights how DAC8 reporting is a new revenue stream for accounting firms, alongside evolving crypto US GAAP and IFRS standards.
SEBI's relaxation of PAIA certification for non-core services reduces barriers for crypto advisory, but robust compliance via crypto accounting software remains essential.
AFM report highlights that while accountants are aware of sanctions risks, their control systems need improvement, with implications for crypto accounting firms.
CCDII expands licensing to BNPL and crypto credit products; crypto accounting software is essential for tracking and reporting under the new rules.
FINMA updated sanctions list requires crypto firms to adjust compliance screening; crypto accounting software must integrate real-time sanctions checks.
Switzerland's updated Russia sanctions require crypto firms to enhance compliance; crypto accounting software automates screening and reporting.
DAC8 reporting introduces mandatory disclosure of crypto transactions for EU tax authorities, aligning with global standards like CARF and impacting accounting firms' compliance workflows.
The AFM's interpretation of Wta articles 16 and 16b reinforces that accountants must maintain central positions and decisive influence, which affects how accounting firms, including those offering crypto accounting services, structure governance and investor relationships.
The IFRS digital taxonomies architecture update provides a framework for tagging crypto asset disclosures, aligning with global accounting standards.
