News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
The IRS has issued new guidance on AI risks under Circular 230, increasing compliance duties for tax practitioners. Crypto accounting software can help firms manage these obligations.
MAS adds Hyperliquid to Singapore's Investor Alert List, flagging it as an unlicensed entity and raising due-diligence obligations for accounting firms and CFOs with client exposure.
CSSF warning highlights the need for proper due diligence and reliable crypto accounting software to vet counterparties.
UBS and Nethermind's proofs of concept show that embedding compliance at block-production level, not just in smart contracts, could reshape how regulators and banks treat permissionless blockchains under Basel capital rules.
The AFM and DNB consultation on Caribbean Netherlands rules signals tightening AML/CFT obligations for crypto firms, highlighting the need for robust crypto accounting software to manage compliance.
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.
The IRS filing season disparity between online and other filers highlights the need for robust crypto accounting software to ensure accurate reporting and reduce audit risk for accounting firms.
The Kraen-Powertrade lawsuit highlights the critical need for robust crypto fund accounting software to prevent misappropriation claims and ensure audit readiness.
The Coinex sanctions allegations highlight the critical need for robust crypto accounting for accountants to ensure compliance with international sanctions.
The MFSA warning highlights the importance of using crypto accounting software to verify counterparty licenses and avoid unregulated entities.
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.
The PCAOB's request for comment signals upcoming audit standards for crypto assets, prompting accounting firms to evaluate their crypto accounting software and sub-ledger tools.
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 UK's crypto regulatory divide creates uncertainty for accounting firms, making robust crypto accounting software essential for compliance and client advisory.
The Supreme Court ruling on IRS time limits for preparer fraud increases compliance risk for crypto accounting firms, making robust crypto accounting software essential for audit trails and accuracy.
The UK's crypto ambition is split between innovation and regulation; crypto accounting software helps firms navigate this divide.
ESMA's call for unauthorised CASPs to wind down orderly as MiCA transitional period ends, highlighting compliance obligations for crypto firms and implications for accounting firms advising clients.
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.
OFAC sanctions highlight the need for crypto accounting software with built-in sanctions screening and compliance reporting for accounting firms servicing crypto clients.
MFSA's thematic review on financial crime risks in credit institutions underscores the need for robust compliance systems, including crypto accounting software for firms handling digital assets.
AICPA survey indicates firms are prioritizing technology, creating opportunities for crypto accounting for accountants to meet client needs.
