News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
FINMA's new guidance on portfolio management risks underscores the need for robust crypto sub-ledger software to ensure accurate reporting and compliance.
Thailand's arrest warrant highlights the need for robust crypto accounting software to track energy costs and prevent fraud in mining operations.
The CFTC investigation into Polymarket underscores the need for robust crypto accounting software to ensure accurate trade reporting and compliance.
The arrest of four individuals in Poland for SIM swap attacks on crypto exchanges highlights the need for accounting firms to implement robust security measures and leverage crypto accounting software to detect suspicious activity.
The Meta IRS dispute underscores the importance of accurate crypto accounting software for tax compliance and audit readiness.
Binance's failure to secure a MiCA license forces its exit from the EU, highlighting the critical importance of mica compliance crypto for all market participants and the ripple effects on accounting and reporting obligations.
The CFTC investigation into Polymarket underscores the need for robust crypto accounting software to ensure compliance and audit readiness.
Spain's firm stance on MiCA compliance deadlines signals a broader EU trend, requiring crypto firms to urgently align their accounting and reporting processes.
Sanctions on Russia create urgent need for crypto accounting software that can screen transactions and ensure compliance.
The court case highlights the importance of accurate tax classification for investment firms, which can be supported by crypto accounting software.
The surge in IRS fast track dispute settlement program usage underscores the need for crypto accounting software to maintain accurate records and reduce audit risks.
The penalty on Bithumb underscores the critical role of crypto accounting software in meeting regulatory information requests and avoiding fines.
The Coinex Iran case highlights the need for robust crypto accounting software to detect and report sanctions violations.
The AFM's successful appeal against an external accountant underscores the importance of rigorous audit standards in crypto engagements.
The sentencing of a Singapore accountant for submitting fake documents to IRAS underscores the critical need for crypto accounting firms to implement rigorous compliance and audit software to avoid severe penalties.
The revocation of Bsquared's licence by MAS underscores the critical need for robust crypto accounting software to ensure compliance and avoid enforcement actions.
Dutch firms can leverage crypto accounting software to integrate AMLA reporting into existing AFM questionnaires, reducing compliance burden.
The AFM's action against Euronext highlights the importance of transparent and non-discriminatory access rules, which indirectly affect crypto trading platforms and their accounting obligations.
Dutch AFM's new anti-discrimination guidance for banks has indirect implications for crypto businesses that rely on banking services, highlighting the need for transparent crypto accounting software to facilitate fair risk assessment.
FINMA's updated Taliban sanctions list reinforces the need for automated compliance tools in crypto accounting to screen transactions and counterparties.
